March 27-April 2, 2014

Myanmar Business Today

mmbiztoday.com
mmbiztoday.com March 27-April 2, 2014 | Vol 2, Issue 13 MYANMARS FIRST BILINGUAL BUSINESS JOURNAL
Myanmar Summary
Myanmar Summary
Contd. P 22...(Llectricity) Contd. P 6...(Le Cucht) Contd. P 6...(Le Cucht)
Contd. P 22...(Llectricity)
Parliament Approves Electricity
Rate Hike Re-Proposal
T
Ie unIon purIIumenL IusL week pussed LIe govern-
menL`s re-proposuI Ior ruIsIng eIecLrIcILy cIurges
Irom AprII 1, purIIumenL sources suId.
TIe move cume uILer LIe purIIumenL In November IusL
yeur LemporurIIy suspended LIe Yungon CILy EIecLrIcILy
SuppIy Bourd`s (YESB) OcLober decIsIon Lo IIke eIec-
LrIcILy prIces by more LIun qo percenL. TIe decIsIon
cuused mussIve pubIIc ouLcry und duys oI proLesLs, und
LIe IocuI medIu wenL us Iur us uccusIng LIe governmenL
oI onIy consIderIng LIe InLeresLs und prohLs oI prIvuLe
compunIes. However, YESB suId IL IIked LIe prIces In
un uLLempL Lo uIIuy rIsIng power generuLIon cosLs.
AccordIng Lo LIe proposuI, LIe eIecLrIcILy prIce Ior
pubIIc IouseIoId wIII remuIn uncIunged uL K (.6
cenLs) per unIL oI consumpLIon up Lo 1oo unILs. Con-
sumpLIon ubove 1oo unILs wIII be cIurged Ko (.1
cenLs), wIIcI wus K beIore.
or IndusLrIuI use, LIe ruLes wIII remuIn uncIunged uL
K; (;.; cenLs) Ior Iess LIun oo unILs per monLI, wIIIe
cusLomers usIng over oo unILs wIII Iuve Lo puy K1o
(1.q cenLs) per unIL.
Kyaw Min
Sherpa Hossainy
e Gocht Kicks OH Investment
Pact Talks with Myanmar
Te European Union (EU) seeks legal certainty and preferential access for its investors
E
uropean Union
Commissioner for
Trude KureI De Gu-
cIL IusL week IuuncIed
negoLIuLIons Ior u bIIuL-
eruI InvesLmenL proLec-
LIon deuI wILI Myunmur,
a move to provide legal
cerLuInLy Ior Europeun
InvesLors und gIve LIem
preIerenLIuI uccess In LIe
Iormer-purIuI nuLIon.
I you wunL Lo sLImu-
late European investors
Lo ucLuuIIy InvesL In My-
unmur, IL`s ImporLunL
LIuL LIey ure cerLuIn LIuL
LIeIr InvesLmenLs ure duIy
proLecLed, De GucIL LoId
Myanmar Business To-
day beIore kIckIng o LIe
LuIks wILI Dr Kun Zuw,
unIon mInIsLer Ior Nu-
LIonuI PIunnIng und Eco-
nomIc DeveIopmenL In
Nuy PyI Tuw.
TIe deuI wIII meun, Ior
exumpIe, InvesLors wIII be
IndemnIhed und cun`L be
exproprIuLed, Iuve provI-
sIons oI InLernuLIonuI ur-
bILruLIon In cuse oI u dIs-
puLe, umong oLIers.
De GucIL suId Lrude
reIuLIons now ure noL
onIy ubouL exporLs, buL
uIso ubouL InvesLIng In
u counLry us Lrude geLs
European Trade Commissioner Karel De Gucht speaks during a news conference.
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ic

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.. .. .:.._.. . . Myanmar
Business Today . ._.:_~:..
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March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
2
LOCAL BIZ
MYANMARS FIRST BILINGUAL BUSINESS JOURNAL
Board of Editors
Editor-in-Chief - Sherpa Hossainy
Email - sherpa.hossainy@gmail.com
Ph - 09 42 110 8150
Editor-in-Charge - Wai Linn Kyaw
Email - linnkhant18@gmail.com
Ph - 09 40 157 9090
Reporters & Writers
Sherpa Hossainy, Kyaw Min, Wai Linn Kyaw,
Shein Thu Aung, Phyu Thit Lwin, Daisuke Lon,
Yasumasa Hisada, Zayar Phyo, Pann Nu, Nwe Zin
Art & Design
Zarni Min Naing (Circle)
Email - zarni.circle@gmail.com
Ph - 09 7310 5793
Ko Naing
Email - nzlinn.13@gmail.com
Ph - 09 730 38114
DTP
May Su Hlaing
Translators
Shein Thu Aung, Phyu Maung,
Wai Linn Kyaw
Advertising
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Advertising Hotline - 09 420 237 625, 09 4211 567 05,
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09421149720
Publisher
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th
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09 4211 30133
Business News in Brief
Pr esi dent says gi fts wor th mor e than 300,000
kyat ar e br i bes
PresIdenL U TIeIn SeIn recenLIy InIormed uII mIn-
IsLrIes om cIuIIy LIuL gIILs wIIcI ure worLI more LIun
Koo,ooo ($oo) wouId be consIdered Lo be brIbes,
IocuI medIu reporLed, cILIng HIu Tun, u senIor om cIuI
Irom LIe MInIsLry oI IvesLock, IsIerIes und RuruI De-
veIopmenL. TIe AnLI-CorrupLIon uw Ius uIreudy been
enucLed In Myunmur, buL reIevunL ruIes und reguIuLIons
sLIII Iuve Lo be udopLed.
Loi hei n, Asahi to i nvest $46m to pr oduce soft
dr i nks i n Myanmar
Myunmur`s IeudIng drInks producer oIIeIn Co und
Jupunese beveruge gIunL AsuII Group HoIdIngs wIII In-
vesL $q6 mIIIIon Lo produce und dIsLrIbuLe soIL drInks In
Myunmur, IocuI medIu reporLed, cILIng un om cIuI Irom
LIe Myunmur nvesLmenL CommIssIon.
Over 600,000 cattle annually smuggled i nto
Thai land, Chi na
Over 6oo,ooo cows und buIIs ure smuggIed InLo
neIgIbourIng TIuIIund und CIInu unnuuIIy, cuusIng u
sLrong ImpucL on LIe ugrIcuILuruI secLor, wIIcI sLIII re-
IIes on cows und wuLer buuIos Ior IurmIng despILe u
gruduuI LrunsILIon InLo mecIunIsuLIon, IocuI medIu re-
porLed, cILIng TIun HIu, udvIsor Lo Myunmur IvesLock
ederuLIon.
23 out of 40 state-owned enter pr i ses ar e i n the
r ed
TwenLy LIree ouL oI qo sLuLe-owned enLerprIses In
LIe counLry ure In LIe red wIIIe LIe remuInIng 1; cIuIm
LIey ure mukIng prohLs, IocuI medIu reporLed quoLIng
TIureIn Zuw, cIuIrmun oI LIe PubIIc BudgeL JoInL-
CommILLee oI LIe UnIon PurIIumenL. TIureIn Zuw
udded LIe 1; enLerprIses LIuL cIuIm Lo be mukIng prohLs
muy noL muke prohLs II LIey Iuve Lo puy due Luxes.
President oers scholorships to deoelop hu-
man r esour ces
Myunmur PresIdenL U TIeIn SeIn Ius oered scIoIur-
sIIps Lo deveIop LIe counLry`s Iumun resources. TIe
governmenL wIII grunL scIoIursIIps Lo ouLsLundIng sLu-
denLs us purL oI eorLs Lo deveIop Myunmur`s Iumun
resources, U TIeIn SeIn LoId IucuILy members dur-
Ing IIs Lour Lo MyILkyInu UnIversILy, sLuLe-run medIu
reporLed. Myunmur Ius been cooperuLIng wILI Jupun,
AusLruIIu und Germuny In deveIopIng educuLIon, Iu-
mun resources und cuILuruI secLors.
Ri ce expor ts to Chi na up, but not vi able
Myunmur`s rIce exporLs Lo CIInu Iuve Increused, buL
ure noL commercIuIIy vIubIe Ior mosL exporLers due Lo
LIe deprecIuLIng yuun und rIsIng LrunsporL cosL, IocuI
medIu reporLed, cILIng VIce-CIuIrmun CIun TIu Oo oI
LIe Border Trude CommILLee. Over 6o,ooo Lonnes oI
rIce Iuve been exporLed Lo CIInu so Iur LIIs hscuI yeur,
endIng on MurcI 1.
Myanmar r evi ews $20-b Chi na r ai lway li ne
deal
TIe MInIsLry oI RuII TrunsporL Is revIewIng LIe Mem-
orundum oI UndersLundIng IL Iud sIgned wILI CIInu
Ior LIe consLrucLIon oI u $zo bIIIIon ruIIwuy projecL
beLween Myunmur und CIInu us IL wus noL uccepLubIe
Lo LIe peopIe, IocuI medIu reporLed quoLIng u mInIsLry
om cIuI. NegoLIuLIons Iud uIso been underwuy beLween
CIInu und Myunmur Ior LIe consLrucLIon oI u IIgIwuy,
puruIIeI Lo LIe proposed ruIIwuy IIne.
Chi nese associ ati on donates $170,000 to local
NGOs
TIe CIInu-Myunmur rIendsIIp AssocIuLIon donuLed
$1;o,ooo Lo 1; Myunmur non-governmenLuI orgunIsu-
LIons (NGOs), seemIngIy u purL oI LIe CIInese move Lo
rebuIId ILs Imuge In LIe SouLIeusL AsIun counLry. Geng
ZIIyuun, vIce presIdenL oI LIe ussocIuLIon, suId LIe grunL
wIII Improve peopIe-Lo-peopIe IrIendsIIp beLween LIe
Lwo counLrIes.
Myanmar tr i es to i nclude I nwa to Wor ld Her -
i tage li st
Myunmur Is LryIng Lo nomInuLe LIe uncIenL cILy oI
nwu Lo LIe UNESCO WorId HerILuge IIsL In uddILIon
Lo LIree oLIer Pyu cILIes oI BeIkLIuno, HunIIn und SrI
KesLru, mInIsLer Ior cuILure U Aye MyInL Kyu suId. nwu
wus un ImperIuI cupILuI oI successIve Myunmur kIng-
doms Irom LIe 1q
LI
Lo 1q
LI
cenLurIes und wus ubundoned
uILer IL wus compIeLeIy desLroyed by u serIes oI mujor
eurLIquukes In 18q.
Myanmar Summary
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Asahi Group Holdings . _.,.:.~ ~.q_.:.~
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._.:...,..:._. .~...q.~_~.,_e .:..:..~.:.
~..' ...,q._e.._~:. .q._.
March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
3
March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
LOCAL BIZ
4
Myanmar Summary
Fruit and Vegetable Exporters Fail to
Make a Dent in International Markets
Traders call for proper certifcation and advanced tech
D
espILe Iuge InLeresLs
Irom LIe EU und AsIun
murkeLs, Myunmur`s
IruIL und vegeLubIe exporLers
ure yeL Lo cusI In on LIe oppor-
LunILIes due Lo Iuck oI cerLIhcu-
LIon, poor quuIILy und weuk cuI-
LIvuLIon meLIods, experLs und
IndusLry InsIders suy.
SouLI Koreu wouId IIke Lo
purcIuse u IoL oI IruILs Irom
Myunmur buL LIey ure IesILuL-
Ing becuuse LIey don`L IIke LIe
currenL Iow quuIILy oI Myunmur
IruILs, Dr Duw TIun TIun SeIn,
consuILunL uL Myunmur ruILs
und VegeLubIes MunuIucLurers
und ExporLers AssocIuLIon, LoId
Myanmar Business Today.
To do busIness wILI LIe EU,
LIe IruIL exporLers need GAP
(Good AgrIcuILure PrucLIce)
cerLIhcuLIon. As Iong us sucI
international standards and
prucLIces ure noL deveIoped LIe
exporLers wIII keep IucIng dIm-
cuILIes peneLruLIng LIe InLernu-
LIonuI murkeL, sIe suId.
GAPs ure specIhc meLIods
wIIcI, wIen uppIIed Lo ugrIcuI-
Lure, creuLe Iood Ior consum-
ers or IurLIer processIng LIuL Is
suIe und wIoIesome.
RIgIL now quuIILy oI our
IruILs Is very poor. GAP ensures
LIuL In your IruIL you don`L Iuve
insects or insecticides and so
on. SouLI Koreu Is uskIng Ior
LIIs, LIe EU uIso. TIe govern-
menL sIouId Ieud LIIs process.
Myunmur IruIL und vegeLu-
bIe producers uIso need up-
gruded LecInoIogy Lo Improve
LIe quuIILy oI exporLs und LIe
cuILIvuLIon meLIod uIso Ius Lo
be sysLemuLIc, U HnIn Oo, vIce
cIuIrmun oI Myunmur ruIL
Kyaw Min
und VegeLubIe Producers As-
socIuLIon (MVPA), suId. GAP
sysLem cun ensure IIgIer prIces
Ior Myunmur`s IruIL und vegeLu-
bIe exporLs, Ie suId.
ndusLry InsIders suy LIe ex-
porLers need LecInIcuI uId und
know-Iow Irom LIe govern-
menL Lo overcome LIe sILuuLIon.
ocuI enLrepreneurs Iuve
very IILLIe experIence In IresI
IruIL exporLuLIon. We cun Im-
prove II LIere Is governmenL
IeIp, Duw eI eI Oo, un MV-
PA spokesperson, suId.
Myunmur sLurLed mungo und
wuLermeIon exporLs Lo SIngu-
pore In Muy IusL yeur, sLurL-
Ing wILI u Lonne sIIpmenL oI
seedIess wuLermeIons, wIIcI
were onIy exporLed Lo CIInu be-
Iore.
n LIe pusL, Myunmur`s muIn
customer for fruits and vegeta-
bIes wus CIInu LIrougI border
Lrudes, buL IL InILIuLed murkeL
expunsIon LIree yeurs ugo. L
LurgeLed SIngupore, MuIuysIu
und TIuIIund, und purLIcIpuLed
in international fruit festivals
uround LIe worId. RecenLIy,
EngIund und Germuny Iuve
sIown InLeresL In ImporLIng
IruILs Irom Myunmur, besIdes
Jupun und SouLI Koreu, MV-
PA omcIuIs suId.
Myunmur eurned $q.q8
million from exports of fruits
und vegeLubIes In LIe hrsL nIne
monLIs oI LIe hscuI yeur zo1-
1q, wILI muIn exporLIng ILems
beIng mungo, wuLermeIon und
cucumber, uccordIng Lo omcIuI
sLuLIsLIcs. n LIe prevIous hscuI
yeur, LIe counLry suw $;.8
mIIIIon worLI oI exporLs Lo Ior-
eIgn murkeLs.
.q:.. ~. . ~.q .~: ~:q
.~.:..~ _.,.:....~..:.~
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e .. .e .q ~ ~ . . ~ . .q: ..
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.~: ~ q .e:.. ~.,_e _., .:
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q, ._e. . ...._~: . ~. ~~.,_e
GAP Certifcate (Good Agriculture
Pratice) . ~. ._~: . ~. .|.,. ._e.
..q _., .: .. . .~. . e .. .e .
q ~ .:.~ . ~~:...~ ~ . ~ .
q,.: .~..,..__e.._~:. e.
~ .~.~._.:_~:.._.
e.~.| _.,.:.. .q~..
eq. .. ~_.:.q:. ..'. .. .:.~ ~
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e ~ . .q: ...,q._~: . . q._ .
Myanmar Summary
Myanmar, Finland
Ink Mineral
Resources Deal
M
yunmur und InIund
Iuve ugreed Lo cooper-
uLe In susLuInubIe de-
velopment of mineral resources
In LIe SouLIeusL AsIun counLry.
TIe cooperuLIon wIII be mude
under a memorandum of un-
dersLundIng (MoU) InILIuLed
beLween LIe MInIsLry oI MInes
und LIe DepurLmenL oI GeoIogy
oI InIund In Nuy PyI Tuw IusL
week.
TIe sIgnIng oI LIe MoU wus
prompLed by u vIsIL Lo InIund
by PresIdenL U TIeIn SeIn In
MurcI IusL yeur, durIng wIIcI
InnIsI PresIdenL SuuII NIInIsLo
pIedged u grunL oI C6. mIIIIon
Lo Myunmur In zo1q uILer In-
Iund wroLe o o percenL oI LIe
LoLuI debL owed by Myunmur.
Myunmur uIso expressed ILs
InLenLIon Lo cooperuLe wILI In-
Iund us u purLner counLry Lo joIn
IreIgIL IundIIng und envIron-
mental conservation in its plan
oI buIIdIng LIree deep seuporLs.
Daisuke Lon
A woman buys fruits at the Thiri Mingalar wholesale market in Yangon.
U
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g
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X
in
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.-..~ Sauli Niinisto ~~~,
...~_.,.:.~:.~.:~~.
~_e.e, ' ... .,.~~~_...
.:.._e~~_..._.
March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
LOCAL BIZ
5
Myanmar Summary
Myanmar Summary
Manila Water, Mitsubishi Strike Yangon Water Deal
Zayar Phyo
P
IIIIppInes` bIggesL
IIsLed wuLer uLII-
ILy MunIIu WuLer Co
(MWC) nc und Jupun`s
MILsubIsII Corp wIII de-
veIop u projecL Lo cuL wu-
Ler Ieuks In Myunmur`s
commercIuI Iub Yungon.
TIe compunIes sIgned u
memorandum of under-
sLundIng wILI LIe Yungon
CILy DeveIopmenL Com-
mILLee (YCDC) Ior LIe
proposed non-revenue
wuLer reducLIon projecL,
MWC suId In u sLock ex-
cIunge dIscIosure IusL
week.
Non-revenue wuLer Is
LIe voIume Irom wIIcI u
uLIIILy does noL eurn be-
cuuse LIe wuLer Is IosL due
Lo pIpe Ieukuge, IIIeguI
connections or inaccurate
meLerIng.
TIe proposed projecL Is
In IIne wILI LIe InLenLIon
oI MunIIu WuLer Lo pursue
projecLs ouLsIde LIe EusL
Zone und oLIer seIecLed
murkeLs In LIe AsIun re-
gIon, LIe compuny suId.
MunIIu WuLer, wIIcI Is
u subsIdIury oI LIe PIIIIp-
pines oldest and largest
congIomeruLe AyuIu Corp,
suId In LIe hIIng LIuL IL
wIII provIde more InIor-
muLIon on LIe MOU once
dehnILIve ugreemenLs on
LIe proposed projecL Iuve
been execuLed undJor
compIeLed.
Myunmur Is uLLrucL-
Ing sIgnIhcunL InLeresL
Irom IoreIgn hrms us IL
opened up ILs economy
LIree yeurs ugo. usL yeur
suw u number oI mujor
IIIpIno hrms IndIcuL-
Ing LIeIr InLeresL In My-
unmur, IncIudIng DMC
HoIdIngs nc, UnIversuI
RobInu Corp (URC) und
IrsL PucIhc Compuny
Ld. URC suId IusL yeur In
JuIy LIuL Myunmur gov-
ernmenL Iud upproved ILs
e...- ~_~....:q.~
.q~.... Manila Water Co
(MWC) . Mistubishi .~: .
.q.q.._ _.,.:.-...:.
.q. ~.~ ~.:~~ ....:
q,~,_. .qe.....:.q,
. . ~ , .~. . ~.~: ~_
.e:..:q~.__e.._.
~. .|~ . ~ . . . . q, ~ , _.
.~: ._ . .:e:.q..~: .~
~ ._ ._~:.... ~ ~. , ~ .
. ~ . . .q..: ..q.. . ~ , .
Bean, Pulse Exports
Rise in 2014
Phyu Thit Lwin
M
yunmur exporLed more LIun 1.1; mIIIIon
Lonnes oI beuns und puIses In Junuury und
ebruury LIIs yeur, omcIuI duLu sIows.
n zo1z-1 hscuI yeur (AprII-MurcI), Myunmur ex-
porLed 1. mIIIIon Lonnes oI beuns und puIses.
MInIsLer Ior commerce U WIn MyInL uLLrIbuLed LIe
Increuse oI LIe exporL Lo rIsIng producLIon oI LIe crops
IoIIowIng u reIuxuLIon oI resLrIcLIon on ugrIcuILure.
However, Ie wurned omcIuIs oI LIe commerce secLor
noL Lo munIpuIuLe LIe murkeL, sLressIng LIuL coIIubo-
ruLIon Is key Lo boosLIng Lrude und promoLIng murkeL
sIure.
n u meeLIng wILI beun und puIse Lruders In Yungon,
U WIn MyInL suId LIere ure pIuns Lo negoLIuLe wILI LIe
US Ior LIe second LIme Lo secure GeneruIIsed SysLem
oI PreIerences (GSP) Lo guIn Lux und LurI udvunLuges.
Beuns und puIses ure umong LIe 1o mujor ILems oI
ugrIcuILuruI crops LIuL Myunmur grows. Among LIem,
grum, IubIub beun, pIgeon peu, buLLer beun und soyu
beun ure cuILIvuLed mosL In LIe counLry.
$o-mIIIIon InvesLmenL
pIun Lo seL up u unIL, und
IL wus IookIng Lo sLurL op-
eruLIons In LIe nexL 18
monLIs.
MunIIu WuLer provIdes
wuLer und wusLewuLer ser-
vIces prImurIIy Lo LIe eusL
zone concessIon ureu cov-
erIng LIe cILIes oI MukuLI,
MunduIuyong, PusIg, Pu-
Leros, Sun Juun, TuguIg,
MurIkInu; purLs oI MunIIu
und Quezon CILy, us weII
us some ureus In RIzuI
provInce In LIe counLry.
n ebruury, MunIIu
WuLer und u purLner
quuIIhed Lo bId Ior u buIk-
wuLer suppIy projecL In
Indonesia and announced
its plans to expand op-
eruLIons In VIeLnum. TIe
uLIIILy IusL monLI re-
porLed LIuL ILs zo1 neL
Income rose percenL Lo
$1zq mIIIIon us cusLomers
bougIL more wuLer.
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A woman and her daughter carry empty buckets to collect water at Yazarthingyan lake in Dala township,
near Yangon.
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March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
LOCAL BIZ
6
From page ... (Le Cucht)
From page ... (Le Cucht)
IncreusIngIy domInuLed
by suppIy cIuIns oI sev-
eruI counLrIes workIng Lo-
geLIer Lo muke u hnIsIed
producL.
L`s ImporLunL Lo gIve
conhdence Lo LIem |In-
vesLors| becuuse LIere
ure so muny pIuces wIere
Europeuns cun cIoose Lo
InvesL. You Iuve Lo creuLe
good provIsIons |Iere| Lo
uLLrucL InvesLmenLs, suId
LIe Lrude commIssIoner
wIo wus In LIe counLry us
purL oI u SouLIeusL AsIun
Lour Lo boIsLer Lrude IInks
wILI Myunmur, VIeLnum
und CumbodIu.
ExperIence Is sIowIng
Iow openIng up Lo Lrude
Is IeIpIng LIese dynum-
ic countries raise living
sLundurds. AL LIe sume
LIme, LIeIr murkeLs pro-
vide opportunities for Eu-
ropeun exporLers, so we
reuIIy do Iuve u wIn-wIn
sILuuLIon, Ie suId In u
sLuLemenL beIore IIs vIsIL.
TIe EU rewurded LIe
current governments po-
litical and economic re-
Iorms by IIILIng suncLIons
und reInsLuLIng LIe Eve-
ryLIIng buL Arms (EBA)
InILIuLIve under LIe Gen-
eruIIsed ScIeme oI PreI-
erences (GSP) In JuIy IusL
yeur. n zo1, bIIuLeruI
Lrude beLween LIe EU und
Myunmur sLood uL C6q
mIIIIon ($;8q mIIIIon),
compured Lo Cqo mIIIIon
($ mIIIIon) In zo1z, u
q1 percenL Increuse.
De GucIL suId: EBA Is
noL u secLoruI upproucI.
Myunmur wIII be ubIe Lo
exporL everyLIIng excepL
urms wILI duLy und quo-
Lu-Iree udvunLuge Lo LIe
Europeun murkeL oI over
oo mIIIIon consumers. L
seems IogIcuI Lo me LIuL
you sLurL wILI your cIussI-
cuI secLors gurmenL, hsI-
erIes und gemsLone.
He suId Myunmur, Iow-
ever, Ius un opporLunILy
Lo deveIop new exporL
secLors In LIe Europeun
murkeL, cILIng exumpIe oI
CumbodIu, wIIcI deveI-
oped ILs bIcycIe IndusLry
under LIe EBA scIeme
und exporLed 1.q mIIIIon
unILs IusL yeur.
ExporLers sIouId ex-
pIore opporLunILIes In LIe
EU murkeL und Lry Lo hnd
new nIcIes und sub-sec-
Lors wIere LIey cun Iuve
u compeLILIve udvunLuge.
We cun IeIp exporLers,
buL LIe prIvuLe secLor uIso
Ius Lo Luke InILIuLIve.
Myunmur exporLs Lo
LIe EU Increused by
percenL In zo1 Lo reucI
Czz mIIIIon ($o; mII-
IIon) compured Lo C16
mIIIIon ($zz; mIIIIon) In
zo1z. WIIIe prevIousIy
focussed on garments
(66.q percenL), hsIerIes
producLs (8), rIce (q.q)
und beuns (q.), In zo1
Myunmur`s exporLs suw
LIe sIure oI gurmenLs
drop Lo 8.z percenL, wILI
exports of precious stones
(11.; percenL) und wood
producLs (;.8 percenL)
re-enLerIng LIe counLry`s
exporL buse.
De GucIL uIso IuuncIed
u Hundbook Ior ExporL-
ers on EU Trude PreIer-
ences in Yangon during
IIs Lwo-duy omcIuI vIsIL
uL LIe UnIon oI Myunmur
ederuLIon oI CIumbers
oI Commerce (UMCC).
TIe Iree-oI-cIurge pub-
IIcuLIon, wIIcI Ius been
pubIIsIed In Burmese und
In EngIIsI, provIdes guId-
ance for companies and
InsLILuLIons on LIe proce-
dures oI LIe EBA InILIu-
LIve under LIe GSP. TIe
Iundbook on GSP Is u LooI
Lo IeIp exporLers muke
LIe besL possIbIe use oI
LIese Lrude preIerences,
LIe EU suId.
TIe EU Is uIso In LIe pro-
cess of selecting proposals
Ior LIe esLubIIsImenL oI
u Europeun CIumber oI
Commerce In Myunmur,
In u bId Lo boosL udvocucy
oI EU busIness In Myun-
mur.
The pact
TIIs InvesLmenL ugree-
menL couId become un
important accelerator
Ior LIe reIorm process In
Myunmur, suId De GucIL
uILer sLurLIng LIe negoLIu-
LIons.
ExperIence Ius sIown
LIuL ImprovIng IeguI cer-
LuInLy und predIcLubIIILy
Ior InvesLmenLs Is key In
provIdIng busIness op-
porLunILIes und mucI-
needed development for
LIIs growIng economy.
CurrenLIy, LIere Is no bI-
IuLeruI InvesLmenL LreuLy
In pIuce beLween Myun-
mur und uny EU mem-
ber sLuLes. An ugreemenL
wouId oer EU InvesLors
key guurunLees In LIeIr
reIuLIonsIIp wILI Myun-
mur sucI us: proLecLIon
uguInsL dIscrImInuLIon;
protection against expro-
prIuLIon wILIouL compen-
suLIon; proLecLIon uguInsL
unIuIr und InequILubIe
LreuLmenL; proLecLIon Ior
LIe possIbIIILy Lo LrunsIer
cupILuI.
TIese provIsIons pro-
vide guarantees to com-
punIes LIuL LIeIr InvesL-
menLs wIII be LreuLed
IuIrIy und on un equuI
IooLIng Lo oLIer Inves-
Lors, LIe EU suId In u
sLuLemenL.
However, LIe InvesL-
menL ugreemenL wIII noL
InLerIere wILI LIe rIgIL
oI LIe sLuLe Lo reguIuLe Lo
pursue pubIIc poIIcy ob-
jecLIves und Lo work Ior
LIe deveIopmenL oI LIe
counLry und ILs peopIe,
us u buIunce beLween LIe
rIgIL Lo reguIuLe und Lo
pursue IegILImuLe pubIIc
poIIcy objecLIves und LIe
need to protect investors
wIII be ensured, LIe EU
suId.
BoLI purLIes wIII ensure
LIuL LIe dIspuLe seLLIe-
menL sysLem Is Lrunspur-
enL, LIuL IL does noL en-
couruge unsubsLunLIuLed
und IrIvoIous cIuIms, und
LIuL urbILruLors respecL u
code oI conducL, LIe EU
und LIe Myunmur gov-
ernmenL suId In u joInL
unnouncemenL.
WIen usked II LIe EU
LIInks LIere Is u cIunce
oI Myunmur bucksIIdIng
on ILs reIorms, De Gu-
cIL suId: We decIded Lo
Iuve sucI u negoLIuLIon
wIen PresIdenL TIeIn
SeIn vIsILed Europe. Now,
we Iuve u munduLe Irom
member sLuLes Lo negoLI-
uLe LIe deuI. don`L see
uny rIsk oI bucksIIdIng,
don`L LIInk so.
We wouId IIke Lo Iuve
an investment agreement
us soon us possIbIe.
AccordIng Lo omcIuI
hgures, cumuIuLIve EU
InvesLmenLs In Myunmur
sLood uL $.1 bIIIIon, onIy
ubouL q percenL oI LIe
LoLuI D In LIe counLry,
mosLIy due Lo suncLIons.
Myanmars State-run English
Daily to Go Private in Local JV
M
yunmur`s sLuLe-run
EngI I s I- I unguuge
duIIy newspuper LIe
New IgIL oI Myunmur suId
IusL week LIuL IL wIII sLurL run-
nIng us u joInL venLure wILI u
Myunmur-born prIvuLe InvesLor
by nexL monLIs.
TIe unIdenLIhed prIvuLe In-
vesLor - reporLedIy, IocuI hrm
GIobuI DIrecL Ink Co - wIII
Iuve qq percenL sLuke In LIe
joInL venLure, wIIIe LIe duIIy,
wIIcI Is now under LIe MInIs-
Lry oI nIormuLIon, wIII Iuve 1
percenL sIure.
TIe duIIy wIII uIso be reIocuL-
ed by LIe prIvuLe InvesLor Irom
ILs currenL buse In Nuy PyI Tuw
Lo Yungon, IL suId.
TIe newspuper suId IL cur-
renLIy reIIes IeuvIIy on LrunsIu-
LIon Irom LIe Myunmur News
Agency (MNA) wILI InLernu-
LIonuI news LukIng up mosL oI
LIe puper, sLressIng LIuL LIe
duIIy sIouId ucL us LIe wIndow
oI Myunmur bused on LIe con-
cepL oI SIngupore-bused TIe
SLruIL TImes, wILI LIe LurgeL
reudersIIp Irom IoreIgn dIpIo-
Phyu Thit Lwin muLs, busInessmen und oLIer
decIsIon mukers.
DepuLy MInIsLer oI nIormu-
LIon U Ye HLuL suId once more
sLu Ius been IIred und equIp-
menL provIded, LIe newspuper
cun sLurL reporLIng on u wIde
runge oI LopIcs In u buIunced
munner.
TIe duIIy wIII suspend uII op-
eruLIons unLII LIe reIocuLIon Is
compIeLed. TIougI LIe exucL
LImeIrume oI LIe move Is yeL
Lo be known, sLukeIoIders esLI-
muLed u cIosure oI ubouL seven
duys uround mId-AprII.
EurIIer, mInIsLer Ior InIormu-
LIon U Aung KyI suId u bIII seek-
Ing Lo LrunsIorm Myunmur`s
sLuLe-run medIu InLo u pubIIc
servIce medIu Iuve been sub-
mILLed Lo LIe purIIumenL`s ow-
er House Ior upprovuI.
TIe bIII wus druILed wILI
LIe IeIp oI UNESCO Lo enubIe
IL Lo be In conIormILy wILI LIe
prIncIpIes oI dIversILy oI medIu
pIuruIIsm, U Aung KyI LoId LIe
purIIumenL.
OuL oI Myunmur`s IILeruLe
popuIuLIon oI qq mIIIIon, q
million residents in rural areas
cunnoL uord Lo subscrIbe Lo
newspupers.
I LIe purIIumenL upproves
LIe pubIIc servIce medIu bIII,
LIere wIII be medIu pIuruIIsm
wILI pubIIc servIce medIu, sLuLe-
owned medIu, joInL-venLure
medIu, non-prohL medIu und
eLInIc und communILy-owned
medIu In LIe counLry, LIe mIn-
IsLer suId.
TIe currenL governmenL sLurL-
ed medIu reIorms In June zo11,
und In AugusL zo1z, domesLIc
medIu pubIIcuLIon conLroI wus
IuIIy IIberuIIsed. n December
zo1z, Myunmur unnounced
Iree pubIIcuLIon oI prIvuLe duIIy
newspupers und dIssoIved ILs
InIumous Press ScruLIny und
RegIsLruLIon DIvIsIon.
SInce LIen, 1 prIvuLe duIIy
newspupers Iud been grunLed
IIcense Ior pubIIcuLIon, oI wIIcI
zq ure Myunmur-Iunguuge pu-
pers und Lwo In EngIIsI. How-
ever, LIe mInIsLry wurned LIuL
oI LIe grunLed pubIIcuLIons,
over Lwo dozens oI duIIIes,
journuIs und muguzInes, wIIcI
couId noL pubIIsI In LIme, wIII
be sLopped.
TIere ure sIx sLuLe-owned duI-
IIes In uddILIon Lo over zoo prI-
vuLeIy-run weekIy journuIs In
Myunmur, EngIIsI und CIInese
Iunguuges, us weII us over zoo
muguzInes und neurIy ;,ooo
prIvuLe pubIIsIers.
Myunmur IusL week uIso en-
ucLed u new MedIu uw wIIcI
LIe newspuper suId cIeurIy
stipulates press freedom and
LIe rIgIL oI journuIIsLs Lo open-
Iy crILIcIse und pInpoInL LIe
sIorLcomIngs oI LIe IegIsIuLIve,
execuLIve und judIcIuI powers
umong oLIer rIgILs.
Myanmar Summary
Widely seen as a government mouthpiece, the New Light of Myanmar, is going to
go private soon.
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.~:._e _e, . ~ .~..: ., . ~
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Myanmar ._ .:._..:.~~.
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. ~~ .~ . ...| ._. . , ...: q ~
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March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
7
LOCAL BIZ
Myanmar Summary
Contd. P 8...(Powering) Contd. P 8...(Powering)
Powering Myanmar: The Tricky Tale of Natural
Gas, Hydro, Protests and Foreign Investment (Part I)
Kate Rosow Chrisman

usL November, resI-

denLs oI LIe new,
more democratic
Myunmur Look Lo LIe
sLreeLs. n Yungon - LIe
mosL IIgIIy eIecLrIhed
cILy In LIe counLry - pro-
LesLors were ungry ubouL
LIe governmenL`s pIuns
Lo ruIse eIecLrIcILy prIces.
TIe proLesLs were IIIe-
guI sInce LIe purLIcIpunLs
Iucked governmenL per-
mILs. Even sLIII, LIe pro-
LesLs worked: LIe govern-
menL bucked down on
prIce IIkes. TIIs wusn`L
LIe onIy proLesL over eIec-
LrIcILy: oLIers were pro-
LesLIng Lo guIn uccess.
A Iew monLIs eurIIer,
LIe governmenL puL ouL
u Lender Ior u gus-hred
power pIunL ouLsIde oI
MunduIuy. WILI LIe eus-
Ing oI suncLIons, IorIdu-
bused APR Energy wus
ubIe Lo purLIcIpuLe In LIe
process, wInnIng u con-
LrucL Lo suppIy power und
serving as a potential case
sLudy Ior enLry InLo LIe
once o-IImILs murkeL.
By nexL monLI, LIe re-
suILs oI unoLIer Lender
- LIIs LIme Ior deveIop-
menL oI osIore oII und
gus deveIopmenL - sIouId
be reIeused. nLernuLIonuI
compunIes Iuve IIned up
Ior LIe opporLunILy Lo de-
veIop LIese heIds und LIe
Myunmur governmenL
Ius IndIcuLed LIuL uL IeusL
some oI LIuL gus wIII go
Lowurds domesLIc uses.
or LIe newIy opened
counLry wILI u Lremen-
dous opporLunILy Ior
growLI, IundIIng LIese
LIree ureus weII - prIcIng
und uccess Lo eIecLrIcILy,
InLeresL In LIe power sec-
Lor by IndependenL power
producers (PPs) und u
nuscenL oII und gus sec-
Lor - ure InLegruI Ior My-
unmur`s IuLure deveIop-
menL.
TurnIng on LIe IIgILs:
An ungry popuIuce
TIe proLesLors murcIIng
Lo sLop LIe governmenL
Irom ruIsIng eIecLrIcILy
LurIs IusL November rep-
resenL un eIILe mInorILy
In Myunmur, buL noL In
LIe wuy LIuL AmerIcuns
LIInk ubouL prIvIIege und
LIe weuILIy one percenL.
RuLIer, LIIs eIILe mInorILy
Iud one IdenLIIyIng cIur-
ucLerIsLIc: InLermILLenL
uccess Lo eIecLrIcILy.
TIe governmenL bucked
down und kepL prIces Iow
- urLIhcIuIIy Iow. EIecLrIc-
ILy Is IIgIIy subsIdIsed
In Myunmur: LIe govern-
menL seIIs eIecLrIcILy Ior
Iess LIun IL cosLs Lo pro-
duce IL, by some uccounLs
consumers puy onIy
percent of production
cosLs. EIecLrIcILy LurIs In
LIe counLry ure some oI
LIe IowesL In LIe worId,
uccordIng Lo VIkus SIur-
mu, un ussocIuLe dIrec-
Lor uL rosL & SuIIIvun In
SIngupore. TIe Iow prIces
exucerbuLe Myunmur`s
bIgger probIem: Iess LIun
o percenL oI LIe counLry
Is connecLed Lo LIe power
grId.
ProvIdIng IeuvIIy sub-
sIdIsed eIecLrIcILy Ius
debIIILuLed LIe power
mInIsLry`s (MOEP) hs-
cuI sILuuLIon, und ren-
dered IL unubIe Lo InvesL
In IncreusIng cupucILy
und upgrudIng dIsLrIbu-
LIon neLworks, SIurmu
LoId BreukIng Energy by
emuII. TIe proLesLs muy
keep eIecLrIcILy ouL oI LIe
reucI oI LIeIr compuLrI-
oLs, us power producers
und LIe governmenL, In
desperate need of revenue
sLreums LIuL exceed pro-
ducLIon cosLs, cunnoL uI-
Iord Lo Increuse cupucILy.
AL LIe sume LIme, Yun-
gon Is deuIIng wILI pro-
LesLs Irom LIose wILIouL
uccess Lo eIecLrIcILy. CILI-
zens ure ungry LIuL ;o
percenL oI LIe counLry
remuIns wILIouL uccess
und even more so LIuL
some oI LIe eIecLrIcILy
produced wILIIn Myun-
mar is exported outside
ILs own borders. One US-
bused experL wIo usked
noL Lo be IdenLIhed Ior
Ieur oI ungerIng LIe My-
anmar government said
LIuL muny In LIe ruruI ur-
eus Iuve sImpIy gIven up
on Iopes LIuL LIe govern-
menL wIII provIde LIem
wILI eIecLrIcILy.
TIe cIuIIenge: EIecLrIh-
cuLIon oI ;o percenL oI LIe
population
Myunmur sILs on po-
LenLIuIIy Iuge deposILs oI
natural gas and to a lesser
exLenL, oII. EILIer couId
be depIoyed Lo eIecLrIIy
LIe counLry. However,
mosL oI Myunmur`s eIec-
LrIcILy comes Irom Iydro-
power (LIe counLry Ius
onIy 1o gus-hred power
pIunLs wILI 8qMW oI
InsLuIIed cupucILy und
u soIe couI-hred power
pIunL). ReIyIng on Iydro-
power poses Lremendous
cIuIIenges durIng LIe dry
seuson wIen uImosL ;
percenL oI LIe counLry`s
power Is eILIer subsLun-
LIuIIy reduced or enLIreIy
om Ine. DurIng LIe dry
seuson, some IouseIoIds
cun expecL jusL one Iour
oI eIecLrIcILy u duy.
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qq .:. ._ . e..: q .|~._.
.~ APR Energy . ~.|
. . , .. ~ .|~ . . _. .
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Protesters hold candles during a demonstration to protest the electricity price increase in Yangon.
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March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
LOCAL BIZ
8
Myanmar Summary
Myanmar Summary
From page ;...(Powering)
From page ;...(Powering)
NuLuruI-gus hred power
pIunLs uren`L mucI beL-
Ler; IIgIIy InemcIenL
und ugIng, experLs suy
qq percenL oI LIIs cupuc-
ILy Is unuvuIIubIe. OI LIe
,qqMW oI InsLuIIed cu-
pucILy, LIe AsIun DeveI-
opmenL Bunk (ADB) suys
onIy 6 percenL oI LIIs Is
hrm cupucILy. AnoLIer
LenLI oI LIuL Is desLIned
Ior exporLs. Even LIe
counLry`s LIree oII rehner-
Ies run uL jusL q1 percenL
uLIIIsuLIon, uccordIng Lo u
WorId EconomIc orum
reporL.
Beyond LIe unreII-
ubIIILy, Myunmur Ius LIe
IIgIesL percenLuge oI ILs
popuIuLIon wILIouL uccess
Lo eIecLrIcILy oI ASEAN
counLrIes. Ls power con-
sumpLIon, us meusured In
kWI per cupILu, sLood uL
11o In zo11. TIuL`s IIgIer
LIun HuILI, ELIIopIu, Tun-
zunIu, LIe Congo und Ne-
puI, buL sLIII weII beIow
LIe Iow-Income counLry
uveruge oI zz kWI per
cupILu, uccordIng Lo LIe
WorId Bunk.
Even Ior LIose wILI uc-
cess, suppIy Is unreIIubIe.
oud sIeddIng Iuppens
zo percenL oI LIe LIme
wILI LrunsmIssIon und
dIsLrIbuLIon Iosses cuus-
Ing unoLIer 1q.q percenL
Ioss, uccordIng Lo LIe MIn-
IsLry oI Power. or sucI u
smuII buse Lo begIn wILI,
IosIng LIIs mucI power Is
IIgIIy probIemuLIc.
Energy consumpLIon
cun be broken down InLo
u Iew sImpIe cuLegorIes:
- TIose wILIouL uccess
Lo LIe grId reIy on wood
und expensIve dIeseI-
powered generuLors und
smuII-scuIe soIur, uc-
cordIng Lo experLs.
- TIose wILI connec-
LIons Lo LIe grId reIy
prImurIIy on wuLer Irom
Iydropower. ImILed
supplies come from
nuLuruI gus und couI,
despite domestic re-
sources.
- uLure power Is IIkeIy
Lo come Irom Iydro-
power und nuLuruI gus.
or Myunmur`s new
governmenL, hxIng un-
equuI uccess Lo power -
Yungon Ius 6; percenL oI
ILs popuIuLIon connecLed,
versus under o percenL
Ior LIe resL oI LIe counLry
- und buIuncIng LIe need
Lo Increuse cupucILy wILI-
ouL desLubIIIsIng ILs cILI-
zenry wIII be LIe key eco-
nomIc deveIopmenL Lusk.
This crticle is the jrst oj
a series in Breaking En-
ergy on Myanmars pow-
er sector. It was original-
ly published in Breaking
Energys website and has
been republished with
the publications permis-
sion. The three-part se-
ries aims to look at the
dncmics oj Mcnmcr's
power sector, whats
dritin chcne, hou jor-
eign investors are getting
involved, and the chal-
lenes jccin the otern-
ment. Myanmar Busi-
ness Today will publish
the rest oj the series in the
jollouin ueels.
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~~ ~ ~.q..|..:~.~ . ..
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~~ .~_.~ .:.~ qq q, ..:
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e. ~.~.:....:.
.:q .~ .|~ ._~: . . q._.
Nine-Month Jade Exports
Triple to $924 Million
M
yunmur`s LoLuI pro-
ceeds Irom LIe exporL
oI jude In LIe hrsL nIne
monLIs oI LIe zo1-1q (AprII-
MurcI) hscuI yeur soured Lo
$qzq mIIIIon (K88; bIIIIon),
compured wILI $zq; mIIIIon
durIng LIe enLIre prevIous hscuI
yeur, omcIuI duLu reIeused by
LIe MInIsLry oI NuLIonuI PIun-
nIng und EconomIc DeveIop-
Pann Nu menL sIows.
CIInu, Hong Kong und ndIu
ure IIsLorIcuIIy LIe mujor buy-
ers oI Myunmur`s jude, buL LIIs
yeur Jupun Lopped LIe IIsL. My-
unmur`s unnuuI jude producLIon
Is more LIun 1o,ooo Lonnes,
wILI Muy beIng LIe mosL pro-
ducLIve monLI. ExporL eurn-
Ings In SepLember IusL yeur wus
ubouL $6 mIIIIon.
However, u new Iuw, wIIcI
Ius been dIscussed uL LIe un-
Ion purIIumenL, Is pIunnIng Lo
Impose u o percenL Lux on ruw
jude, ruby, suppIIre, emeruId,
dIumond und oLIer sLones.
oreIgn dIrecL InvesLmenLs In
Myunmur`s mInIng secLor uc-
counLed Ior over 6.6 percenL oI
LIe LoLuI D wILI $z. bIIIIon
In InvesLmenLs unLII Junuury,
uccordIng Lo DIrecLoruLe oI n-
vesLmenL und CompunIes Ad-
mInIsLruLIon (DCA) websILe.
Mogok, uIso known us LIe
Men use a water cannon to search for rubies at the open pit of a ruby mine in Mogok. According to ofciaI data compiIed by the
State-run Central Statistical Organisation, total ruby production in the country were over 19 million kilograms in 2012-2013
(ApriI/March) scaI and over 43 miIIion kiIograms in 2U11-2U12 scaI year.
S
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Ruby und, Is Iome Lo LIe
worId-Iumous Myunmur ruby.
ResIdenLs Irom Mogok und
neurby ureus used Lo do ruby
mInIng Ior generuLIons, usuuIIy
on u munugeubIe scuIe by Lru-
dILIonuI munuuI meLIods, unLII
IL wus resLrIcLed due Lo joInL-
venLures beLween LIe ruIIng
governmenL und ILs cIose busI-
ness ussocIuLes ubouL zo yeurs
ugo. UnscrupuIous mInIng by
joInL-venLures, usIng Ieuvy mu-
cIInery, Ius IeIL LIe Lown wILI
dumps und cruLers.
Natural-gas fired power plants arent
much better; highly inefficient and
aging, experts say 44 percent of this
capacity is unavailable. Of the 3,495MW
of installed capacity, the Asian Develop-
ment Bank (ADB) says only 56 percent
of this is 'firm capacity'.
Indian Engineering
Exports Eye
Huge Presence

oIIowIng LIe recenL vIsIL

oI PrIme MInIsLer Mun-
moIun SIngI Lo Yungon
Ior LIe BMSTEC SummIL, LIe
ndIun engIneerIng IndusLry
recenLIy IeId u megu engIneer-
Ing summIL Lo Iorge new IeveI oI
trade and investment relations
wILI Myunmur.
ndee Myunmur uLLempLs
Lo buIId u IoIIsLIc reIuLIonsIIp
wILI LIe Myunmur IndusLry,
purLIcuIurIy In LIe engIneerIng
secLor, MInIsLer oI SLuLe Ior
Commerce & ndusLry E M S
NuLcIIuppun suId.
ndIu und Myunmur cun seL up
joInL venLures In secLors sucI
us rIce mIII, sugur mIIIs, coLLon
gInnIng und enIunce cooperu-
LIon In LIe cupILuI goods secLor,
Ie udded.
Phyu Thit Lwin
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_., .:. -.~:~ ....:.~ e.~
~.:.. .~e e . .:._e. _~..: ._ .
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:.._~: . . q._.
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BIMSTEC .~ . .. ... .. . ~~
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e,..._ q,~,. ._~:....~
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. . ~ .~~ .:..q, ~~ ~ .~ . ,_ .
._:~_.q:.~........_~.
~.q.~ _...~...._.
March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
LOCAL BIZ
9
Myanmar Summary
Contd. P o...(Log Lxport) Contd. P o...(Log Lxport)
Authorities Start
Building New Jetty
on Yangon River
T
Ie uuLIorILIes Iuve sLurLed buIIdIng u new jeLLy uL
DuIu bunk on Yungon rIver wILI Jupunese uId Lo
repIuce LIe exIsLIng one wIIcI reporLedIy doesn`L
meeL suIeLy sLundurds, omcIuIs suId.
TIe exIsLIng DuIu bunk jeLLy wus dumuged by CycIone
NurgIs In zoo8.
TIe new IucIIILy wIII IncIude Lwo brIdges Ior urrIvuI
und depurLure, u wIurI und u recreuLIon Iounge, LIe n-
Iund WuLer TrunsporL AuLIorILy (WTA) suId.
TIe consLrucLIon work Is expecLed Lo be hnIsIed by
OcLober.
WTA suId LIe Jupunese governmenL wIII uIso provIde
LIree IerrIes wIIcI wIII operuLe beLween LIe DuIu und
Punsodun jeLLIes.
Yasumasa Hisada
Myanmars Log Export Ban to Hurt
Businessmen But Help Forests
Ban on exports of raw timber logs will hit profts; Move expected to push companies into other sectors, boost investment
M
yunmur wIII bun LIe
exporL oI ruw LIm-
ber Iogs Irom AprII 1,
cIokIng o prohLs In u secLor
LIuL provIded crILIcuI IundIng
Lo LIe counLry`s Iormer mIIILury
ruIers Ior decudes, us u new re-
formist government steps up ef-
IorLs Lo suve IoresLs.
Myunmur Ius some oI AsIu`s
largest remaining expanses of
IoresLs, Irom LIe sIopes oI HIm-
uIuyun IooLIIIIs In LIe norLI Lo
sLeumy ruInIoresL In LIe souLI.
BuL IL Ius been dIsuppeurIng
IusL.
oresL cover sIrunk uImosL
u hILI, Lo q; percenL oI Iund
ureu In zo1o, Irom 8 percenL
In 1qqo, oresLry MInIsLry duLu
sIows.
ToLuI LImber exporLs oI 1.zq
mIIIIon cubIc Lonnes In LIe hs-
cuI yeur Lo MurcI zo1 brougIL
In more LIun $1 bIIIIon In rev-
enue, governmenL hgures sIow.
WIIIe LImber remuIns un
Jared Ferrie
important income stream for
Myunmur`s ruIers uILer u quusI-
cIvIIIun governmenL Look over
Irom LIe mIIILury In zo11, IL Is
noL us crILIcuI us beIore.
To recognIse Myunmur`s eco-
nomIc und poIILIcuI reIorms,
LIe Europeun UnIon, LIe UnIL-
ed SLuLes und oLIer counLrIes
Iuve eused or IIILed suncLIons,
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~ ~.:..~_ ..:~._..,_._e.._~:. .q._.
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~._.:_ ~:.. ._ ...:~ ....:.~:..~:~~:.~~_..
.~ ..: q ~ . q, ..: . , .:.._ .
Myanmar Summary
_., .:. ._ -_. . ~ q~ ., . ._
.. . ..:.~:. ~. .. ~ ~ . . ~
~:._...:..__e._.. e.~..q..-
...~:.:._.,.~..~ ~:~e,.
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..~.q.._e.._._.,.:.._
~:q~ ...~:.:...|.:._~e~
..:. ~. . _e. ..: ._. .. .~:
_., .~ .. .:.. : ~. , _., ., .,. ._ .
.. .~:.:...|~ .q:~ . . : |.. ~. .
,..|.~ ~...:._.. ~~ ...
.:.~ ~,.._.-qe:- q:.
.,.q.q:. ~~~ ...~ , q:.
.,.~ ~...:._~:. ...~:
.q.q:~, _~ ._:,. ~.~ ~.~ .:.
~q .q._.
~~~~, _:.q.. . ~ .. . .
~...: ~-~, ~ ... , .,.
~q._.. _.,.:.~~~ ~..|
.. . .~ . . .:.. ~ . ~_e. ~..q
~, ..'.: ~ . e .~: qq . ._~: .
Logs at a sawmill in Yangon.
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March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
LOCAL BIZ
10
Myanmar Summary
Myanmar Summary
From page j...(Log Lxport)
From page j...(Log Lxport)
uIIowIng IoreIgn InvesLmenL In
secLors sucI us LeIecommunIcu-
LIons.
TIe reIorms ure now reucIIng
InLo LIe IoresLry secLor, wILI LIe
governmenL reudy Lo puL con-
servuLIon ubove prohL.
TIe bun Is IIkeIy Lo IurL LIe
IoresLry IndusLry, wIIcI gener-
uLes ubouL qo percenL oI exporL
eurnIngs Irom ruw Iogs und noL
hnIsIed producLs, suId Bur Bur
CIo, Ieud oI LIe Myunmur TIm-
ber MercIunLs` AssocIuLIon.
Myunmur IndusLry mIgIL
suer, some peopIe mIgIL suI-
Ier, suId Bur Bur CIo, wIose
group represenLs ubouL qoo
compunIes.
L`s u dImcuIL und compIIcuL-
ed juncLure Ior us.
Under LIe new ruIe, revenues
couId pIummeL, IorcIng IoresLry
hrms Lo InvesL In new suwmIIIs
Lo sLuy compeLILIve.
BuL LIe ucLIon wus necessury,
us LIe Iormer junLu Iud pruc-
LIced IeguI overproducLIon
LIuL decImuLed Myunmur`s Ior-
esLs Ior decudes, Bur Bur CIo
suId.
CrIppIed by suncLIons, cIronIc
economic mismanagement and
sLurved Ior Iurd currency, LIe
generals gave logging conces-
sIons Lo LIeIr cronIes Lo exporL
ruw Iogs In excIunge Ior LIe
cusI needed Lo prop up LIeIr
ruIe.
oresL producLs were LIe mIII-
Lury junLu`s second mosL Im-
portant source of legal foreign
excIunge und exporLs eurned
$qz8 mIIIIon In LIe hscuI yeur
Lo MurcI zoo, nuLuruI re-
sources wuLcIdog group GIobuI
WILness suId.
Among LIe bIg compunIes In-
voIved In LIe busIness ure AsIu
WorId, LIe HLoo Group, und
Yuzunu Co.
HLoo Group und Yuzunu ure
LIe Lwo bIggesL puIm oII com-
punIes In LIe envIronmenLuIIy
sensILIve souLIern regIon oI
TunInLIuryI.
Yuzunu uIso runs u zoo,ooo-
ucre (81,ooo-IecLure) bIoIueI
concessIon In LIe worId`s Iurg-
esL LIger reserve In norLIern
KucIIn sLuLe, wIere LIe mIIILury
Ius conLrucLed wILI AsIu WorId
Lo buIId rouds und dums, con-
servuLIon group oresL Trends
suys.
AII LIese renowned compu-
nIes were grunLed ussocIuLed
rIgILs over LImber exLrucLIon In
LIeIr projecL ureu, LIe WusI-
IngLon-bused group suId In u
recenL reporL.
Challengi ng the croni es
TIe bun, coverIng uII kInds oI
Lrees, wIII end Myunmur`s sLu-
Lus us LIe onIy counLry Lo ex-
porL ruw Leuk Iogs Irom nuLuruI
IoresLs ruLIer LIun pIunLuLIons.
ExporLs oI Leuk wood uIone
eurned $q mIIIIon IusL yeur.
OI course, LIIs bun sIouId
Iuve been Imposed u Iong LIme
ugo, buL IL`s beLLer IuLe LIun
never, u IoresLry mInIsLry om-
cIuI LoId ReuLers.
We beIIeve IL wIII IeIp en-
couruge wood-bused IndusLry
und Increuse job opporLunILIes,
udded LIe omcIuI, wIo decIIned
Lo be IdenLIhed us Ie wus noL
uuLIorIsed Lo LuIk Lo medIu.
rom nexL yeur, LIe govern-
menL uIso pIuns Lo sIusI by 8o
percenL LIe umounL oI Leuk IL
uIIows Lo be Luken Irom LIe Ior-
esLs, Bur Bur CIo suId.
How LIe cronIes wIII Iure Is un
open quesLIon, buL IL`s cIeur LIuL
Myunmur`s noLorIousIy opuque
LImber IndusLry Ius Iong been
u key source oI weuILI Ior muny
promInenL busInessmen.
Tycoon Tuy Zu suId IIs HLoo
Group, enguged In busInesses
ranging from mining to tour-
Ism, grew Irom u IumbIe sLurL,
bused on u Ioun Irom IIs moLI-
er-In-Iuw Lo seL up u suwmIII.
Tuy Zu suId Ie dId noL expIoIL
connecLIons Lo wIn concessIons,
wIIcI were uIIoLLed LIrougI u
bIddIng process, buL Ie dId suy
IIs IuLIer served wILI Lop hg-
ures In LIe mIIILury, IncIudIng
TIun SIwe, wIo ruIed Myun-
mur Irom 1qqz Lo zo11, wIIIe
Tuy Zu wus buIIdIng IIs busI-
ness empIre.
L wus u IuIr compeLILIon,
Tuy Zu suId In u December In-
LervIew. No need Lo know LIe
mInIsLer, onIy open compeLI-
LIon.
Groups sucI us oresL Trends
und oLIers IumIIIur wILI LIe
wuy LIe junLu worked suy Len-
ders were Ior sIow. TIe reuI
concessIons were sIured ouL In
buckroom deuIs.
L wus noL u Lender sysLem, IL
Thai Hoteliers Seek Cooperation in
Myanmars Hotel, Tourism Industry
T
IuI IoLeIIers ure seekIng
cooperuLIon In IoLeI und
LourIsm IndusLry wILI
Myunmur, omcIuIs LoId u press
conIerence oI Yungon HORECA
BIzmuLcI IuIr IusL week.
TIe HoLeI ResLuurunL und Cu-
LerIng BusIness MuLcIIng wus
IeId In Yungon IusL week uIong
wILI u IuII-duy semInur uImed
uL promoLIng LIe IoLeI suppIy
cIuIn cIusLer Irom TIuIIund Lo
meeL wILI smuII und medIum
enLerprIse (SME) IoLeI und res-
LuurunL enLrepreneurs In Myun-
mur Ior IuLure busIness Lruns-
ucLIons.
TIe busIness muLcIIng evenL
uImed Lo hnd soIuLIons Lo LuckIe
LIe boom In LourIsm und IoLeI
IndusLry In Myunmur und LIe
upcomIng ASEAN EconomIc
CommunILy (AEC) zo1.
Nwe Zin TIe evenL wus uLLended by
z1 compunIes Irom TIuIIund,
coverIng u runge oI producLs,
equIpmenL, mucIInes, uccesso-
rIes und servIce.
n zo1, Myunmur uLLrucLed
over z mIIIIon LourIsLs, oI wIom
1.1q mIIIIon enLered LIrougI
border guLes und 88,q;6
LIrougI uIrporLs.
Myunmur LurgeLs mIIIIon
LourIsL urrIvuIs In zo1q.
AccordIng Lo omcIuI sLuLIs-
LIcs, bIIuLeruI Lrude beLween
Myunmur und TIuIIund sLood
uL $q. bIIIIon In LIe hrsL nIne
monLIs (AprII-December) oI
LIe currenL hscuI yeur zo1-1q.
OI LIe LoLuI umounL, My-
unmur`s exporL Lo TIuIIund
reucIed $. bIIIIon wIIIe ILs
ImporL Irom TIuIIund sLood uL
$q;1.q6 mIIIIon.
TIuIIund InvesLed $q.qq bII-
IIon In Myunmur us oI Junuury
zo1q sInce 1q88, mukIng IL sec-
ond In Myunmur`s IoreIgn In-
vesLor IIneup.
Myanmar, UAE to
Cooperate in Direct Flights
T
Ie UnILed Arub EmIr-
uLes (UAE) wIII cooper-
uLe wILI Myunmur In
uIr servIces us IL sIgned un AIr
ServIces AgreemenL (ASA) wILI
LIe SouLIeusL AsIun nuLIon IusL
week.
TIe Lwo counLrIes ugreed LIuL
desIgnuLed uIrIInes Irom boLI
counLrIes muy operuLe dIrecL
IgILs beLween Myunmur und
LIe UAE, wILIouL IImILuLIons on
servIce Irequency und uIrcruIL
Lype.
TIe ugreemenL wus sIgned
by U TIn NuIng Tun, dIrecLor
generuI oI DepurLmenL oI CIvII
AvIuLIon, und SuII MoIumed
AI SuwuIdI, dIrecLor generuI oI
UAE GeneruI CIvII AvIuLIon Au-
Shein Thu Aung LIorILy, In Abu DIubI.
CurrenLIy, LIere ure zq InLer-
nuLIonuI uIrIInes yIng Lo und
Irom Myunmur.
wus u negoLIuLIon sysLem, suId
Bur Bur CIo.
DuLu sIows one oI Tuy Zu`s
hrms receIved u 668,ooo-ucre
(z;o,ooo-IecLure) LrucL oI ruIn-
forest in a proposed national
purk In TunInLIuryI, one oI
Myunmur`s mosL bIodIverse re-
gIons.
Tuy Zu Iogged uImosL Lwo-
LIIrds oI unoLIer 16z,ooo ucres
(6,ooo IecLures) oI neurby
puIm oII concessIons uwurded
Lo IIm durIng LIe hve yeurs Lo
hscuI zoo;J8, duLu sIows.
Tuy Zu, us weII us represenLu-
LIves oI Yuzunu und AsIu WorId,
dId noL respond Lo requesLs Ior
commenL.
TIe Iog exporL bun wIII Iorce
domInunL IoresLry compunIes
Lo InvesL In new processes und
dIversIIy, suId Aung TIuru, oI
LIe Yungon-bused reseurcI und
consuILIng hrm TIuru SwIss.
L wIII Iuve un ImpucL on
LIem, buL IL won`L desLroy
LIem, Ie suId. L`s In LIeIr In-
LeresL Lo dIversIIy, noL jusL ex-
porL ruw Iogs. Reuters
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.....: ._ . e. ~. .~
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qq ..:~ . ~ . . ~...:...:
q ~ .:_. ~ .~ _. . _. _e. ._ .
_.,.:.-e~e..q..:..:
.q.~_~ ....| .. . ..: q,
~~ ~ .e ~e . . , .q .:.
~.,_e ~.~....~:..:.q:.e
.,._~: . . , . ._ ~.~ ~ _.. .
~ ... ..: .~ ..:q .. .. ~. .
~ .e~e..q..:...,.q
.:.~ ._.:_~:..._.
. , . ._ ~.~ ~ Hotel Restaurant
and Catering Business Matching
~. ~. ~:. q, ~ , ~ _.. . ~ ..
. _. . .. . e ~e . . , .q .:.
~:. _., .:. . ~....:.. ~.~
.:. e~e..:...:~. .,.
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. q, ~~ ~ ~. .|~. ~. ~ _.. .
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.,.._q~.~.~~ e.~~.
.. _.,.:.~._ ..._~:.
~, ..: . . . , ..:.~ . ...| .
..:q~q,~~~ ..._~:.~,
..: . . :.. q:..:~ _ . ~
Air Services Agreement (ASA) ~
.~.~.q...._~:. .q._.
_.,.:.. e.~~..~._
...~_~:. ..._~:.~~,~
._... . .:.~ _.. . . :.e e q _. . . ., .
._....__~..,.. ..e:~..
~.:.~..'~, .~ .~ .:..q ._~: .
._. .q._.
A logging site in Ayearwaddy division.
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March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
11
March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
LOCAL BIZ
12
Myanmar Summary
Contd. P z...(Block Tender)
Contd. P z...(Block Tender)
Myanmar Still Deliberating on
OHshore Block Tender Awurd
C
onLrury Lo IndusLry ex-
pecLuLIons, Myunmur
Ius yeL Lo uwurd u Lender
Ior LIe OsIore BIock BIddIng
Round zo1 LIuL cIosed IusL
June. An unnouncemenL Ior LIe
uwurd oI o oII und gus bIocks
- comprIsIng 1q deepwuLer und
11 sIuIIow wuLer bIocks - Is now
IIkeIy Lo be mude beIore LIe end
oI MurcI.
TIe uwurd couId conLrIbuLe
to greater upstream oil and gas
ucLIvILIes In Myunmur, Iome oI
SouLIeusL AsIu`s mosL promIs-
Ing peLroIeum resource buse,
wIIcI Ius been generuIIy un-
derdeveIoped IoIIowIng dec-
ades of political and economic
suncLIons uguInsL LIe Iormer
mIIILury governmenL.
n November, Myunmur`s
MInIsLry oI Energy pre-quuII-
hed 61 oI LIe ; bIdders, IncIud-
Ing mujor IndependenL oII com-
punIes (OC), AsIun nuLIonuI oII
hrms und oLIer peLroIeum com-
punIes In LIe counLry`s osIore
bIddIng round. OI LIese, onIy
o hrms submILLed bIds Ior LIe
o osIore bIocks wIen LIe
deudIIne cIosed mId-Novem-
ber. No deLuIIs were uvuIIubIe
on bIdders Ior LIe bIocks, buL
participants indicated interests
In more LIun one bIock.
ResuILs oI LIe Lender, wIIcI
LIe energy mInIsLry Iud IndI-
cuLed wouId be reIeused IuLe
December or eurIy Junuury, ure
expecLed In MurcI. Even so,
LIe MurcI LImeIIne wIII |uIso|
depend on LIe munugemenL,
un energy mInIsLry source LoId
RIgzone.
EvuIuuLIon oI LIe bIdders` h-
nuI proposuIs Ior LIe counLry`s
osIore expIoruLIon bIocks up-
peured Lo Iuve been compIeLed
uILIougI Lop governmenLuI om -
cIuIs ure sLIII hnuIIsIng LIe Len-
der uwurd.
Muybe LIe MInIsLry oI En-
ergy hnds IL very Iurd Lo seIecL
Irom LIe muny bIdders, IeguI
und Lux udvIsory compuny VDB
oI`s SenIor AssocIuLe WuI New
Tun LoId RIgzone.
Compured Lo LIe uwurd oI
Myunmur`s upsLreum Lenders
Issued prIor Lo LIe IIILIng oI
WesLern economIc suncLIons,
wIen LIere were Iewer bIds, LIe
MInIsLry oI Energy now Ius Lo
evuIuuLe o bIds und joInL bIds
In LIe IuLesL Lender Irom mujor
OCs, AsIun nuLIonuI oII compu-
nIes und severuI regIonuI hrms.
Mujor IndusLry pIuyers bId-
dIng In Myunmur`s osIore
Lender IncIude: RoyuI DuLcI
SIeII pIc- MILsuI OII ExpIoru-
LIon Co Ld ( bIocks); Exxon-
Cheang Chee Yew
MobII Corp (z bIocks), CIevron
Corp (z bIocks), ToLuI SA (z
bIocks), EnI SpA (1
bIock) und EnI-PeLroVIeLnum
(z bIocks), SLuLoII ASA Conoco-
PIIIIIps Co (z bIocks).
SeveruI Iurge AsIu PucIhc`s nu-
tional and independent oil and
gus hrms uIso submILLed bIds
Ior LIe osIore bIocks. TIey
IncIuded compunIes keen Lo
Increuse LIeIr upsLreum usseLs
In Myunmur sucI us MuIuysIu`s
PeLronus CurIguII, TIuIIund`s
PTT ExpIoruLIon und Produc-
LIon pIc. (PTTEP) und ndIu`s
ONGC VIdesI Ld. (OV) -
uII oI wIom receIved onsIore
bIocks uwurded by LIe Myun-
mur governmenL In IusL OcLo-
ber`s Lender.
OLIer mujor compunIes vyIng
Ior osIore bIocks In Myun-
mur IncIude: WoodsIde PeLro-
Ieum Ld-BG Group (z bIocks),
SunLos Ld (1 bIock), ReIIunce
ndusLrIes Ld ( bIocks), OII
ndIu Ld.-MercuLor PeLroIeum
Ld-OII Mux Energy PLe Ld (
bIocks), GA (ndIu) Ld-KrIs-
Energy Ld ( bIocks).
TIe IuLesL Lender uLLrucLed
qz proposuIs Ior sIuIIow wuLer
bIocks, wIIIe deepwuLer bIocks
drew zz proposuIs.
SuccessIuI hrms In LIe O-
sIore BIddIng Round zo1 ure
IIkeIy Lo spend uL IeusL $ bII-
IIon Ior producLIon sIurIng
conLrucLs (PSC) LIey sIgned
wILI MOGE Lo geL LIe rIgIL Lo
explore and produce oil and gas
osIore Myunmur Ior o yeurs.
MeunwIIIe, some unuIysLs
noLed LIuL deIuy In LIe osIore
Lender uwurd couId be uLLrIbuL-
ed Lo poIILIcs In Myunmur.
TIe muIn Issue Is rIsIng pres-
sure Irom IocuI busIness com-
munILy und poIILIcIuns uguInsL
IoreIgn busIness InLeresLs .
|LIe Myunmur governmenL
Ius Lo be| cureIuI wILI eIec-
LIons comIng . noL be seen us
seIIIng ouL . IL does noL wunL
Lo be crILIcIsed |und wunL Lo
be seen Lo Iuve| done uII LIeIr
Iomework . L`s u poIILIcuI noL
jusL un busIness Issue, Dr TIn
Muung TIun, u senIor reseurcI
IeIIow uL LIe nsLILuLe oI SouLI-
eusL AsIun SLudIes LoId RIgzone.
MOGE reveuIed LIuL LIe evuI-
uuLIon oI hnuI proposuIs Ior LIe
osIore Lender wus compIeLed
IuLe zo1.
TIe openIng oI Myunmur`s
energy secLor Lo IoreIgn Inves-
Lors In recenL yeurs Ius uIreudy
brougIL some LungIbIe benehLs
Lo LIe counLry, wILI oII und
gas investments amounting to
$1q.;z bIIIIon IusL yeur, duLu
Irom LIe Myunmur nvesLmenL
CommIssIon sIowed.
urLIermore, Myunmur
eurned uround $q bIIIIon In un-
nuuI revenue Irom LIe oII und
gus IndusLry, uILIougI LIe gov-
ernmenL never reIeused om cIuI
duLu on LIe muLLer.
MeunwIIIe, Myunmur Ius Luk-
en sLeps Lowurd ImpIemenLIng
gIobuI sLundurds In expIoILIng
LIe counLry`s nuLuruI resources.
EurIIer LIIs monLI, represenLu-
LIves Irom resources - IncIud-
Ing oII und gus - compunIes,
governmenL und cIvII socIeLy seL
up u muILI-sLukeIoIders group
under LIe ExLrucLIve ndusLrIes
Trunspurency nILIuLIve (ET).
TIe group, wIIcI IncIudes rep-
resenLuLIves Irom ToLuI und
PeLronus, wIII pubIIcIse Income
und Lux puymenLs oI Myunmur-
F
ile
s
The main issue is rising pressure from local business
community and politicians against foreign business
interests ... [the Myanmar government has to be]
careful with elections coming ... not be seen as selling
out ... it does not want to be criticised [and want to be
seen to have] done all their homework ... Its a political
not just an business issue,
bused energy hrms und reporL
Lo LIe ET, wIIcI Myunmur
Ius uppIIed Lo joIn.
WIIIe IndusLry wuLcIers wuIL
Ior resuILs oI Myunmur`s o-
sIore Lender, peLroIeum hrms
uIreudy operuLIng In LIe coun-
Lry conLInue wILI LIeIr scIed-
uIed upsLreum ucLIvILIes.
PTTEP, one oI LIe mosL ucLIve
upsLreum pIuyers In Myunmur
uILer LIe ImposILIon oI WesLern
economIc suncLIons uguInsL LIe
counLry`s Iormer mIIILury gov-
ernmenL, Is busy wILI severuI
exploration and development
projecLs LIIs yeur, uccordIng Lo
LIe hrm`s ebruury 18 sLuLe-
menL Lo LIe SLock ExcIunge oI
TIuIIund.
ALLenLIon wIII be Iocused on
LIe ZuwLIku projecL In BIock
Mq In Myunmur`s GuII oI Mur-
Lubun, wILI hrsL gus expecLed Lo
ow In LIe hrsL quurLer oI zo1q
uL uround oo mIIIIon sLundurd
cubIc IeeL per duy (MMscIJd).
IeId deveIopmenL Ior LIe pro-
jecL, wIIcI PTTEP IoIds un 8o
operating percent interest and
MOGE LIe remuInIng zo per-
cenL, Is neurIng compIeLIon.
usL yeur, LIe TIuI upsLreum
operuLor compIeLed InsLuIIu-
LIon oI weIIIeud pIuLIorms
und LIe ZPQ cenLruI processIng
pIuLIorm us weII us IuId InLru-
heId pIpeIInes und un osIore
exporL pIpeIIne. TIe remuInIng
work Ior LIe ZuwLIku projecL
IncIudes consLrucLIon oI un on-
sIore pIpeIIne und IucIIILy und
LIe drIIIIng oI producLIon weIIs.
ZuwLIku wIII be LIe second
projecL Lo commence produc-
LIon LIIs yeur uILer Posco`s sub-
sIdIury Duewoo nLernuLIonuI
om cIuIIy begun gus producLIon
uL LIe SIwe projecL In BIock A1
LIe Andumun Seu o Myunmur
In Junuury.
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. . e _e .~ .~~ .:..q,~~~~_._
_._.q:~.~.:.~:.~...,.q
, . .:~.:~...~~.:.~:.
~.|..'.e._...q,~....~~
~ ..~....q~.....~~ ~~
. ~ ~~ ~ ~ .|q.. .:.~ .~ .
~, .~ . ._~_:. :.e e q ._~: ..q
._.
e.~ . ~.|..'e_...__.,.:
.-.q,. .:~.:~. ~., .
~_~~ ~ ~.:.~.:.~: ..:.
._e._.._.,.:. ._ ~.q .~:
~:q ~ . . .~ ~q .~_.. _~e ~
..:.~..._._e.._.
March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
REGIONAL BIZ
13
Myanmar Summary
Chinese Property Developer at Risk of
Massive Loan Default-Sources
Pete Sweeney and
Umesh Desai
O
nce modesL oI puy und
prohIe, rIsk experLs ure
beIng reborn us rock
sLurs oI LIe bunkIng worId -
LIeIr sLuLus und suIurIes sourIng
us reguIuLors Iorce hnuncIuI In-
sLILuLIons Lo cIeun up.
ndusLry-wIde InvesLIguLIons
InLo uIIeged excIunge ruLe mu-
nIpuIuLIon, LrudIng scunduIs uL
UBS, SocIeLe GeneruIe und JP-
Morgun und HSBC`s $1.q bIIIIon
hne Ior Iux money-IuunderIng
ruIes Iuve upped LIe unLe Ior
bunks uIreudy under pressure
Lo curb reckIess beIuvIour LIuL
Ied Lo LIe hnuncIuI crIsIs.
Now wuLcIdogs und cenLruI
bunks wunL Lo see u cIeur IIne oI
responsIbIIILy Ior LIe uvoIdunce
oI sucI huscos In LIe IuLure, und
us u resuIL, LIe posILIon oI cIIeI
rIsk omcer (CRO) Ius jumped
up LIe runks. Muny CROs now
sIL uIongsIde LIe hnunce dIrec-
Lor us second In ImporLunce be-
IInd LIe cIIeI execuLIve.
TIe roIe oI LIe CRO Ius be-
come brouder, IIgIer prohIe
und more InuenLIuI, suId Anne
MurpIy, Ieud oI UK hnuncIuI
services for executive recruit-
menL hrm Odgers BerndLson.
n Lurn, suIurIes Iuve soured.
Puy In rIsk-reIuLed jobs rose 6
percenL In zo1 und rockeLed
1q percenL Ior LIose wIo moved
hrms, uccordIng Lo u reporL by re-
cruILmenL hrm BurcIuy SImpson.
HSBC cIIeI rIsk omcer Murc
Moses joIned LIe bunk`s bourd
uL LIe sLurL oI zo1q, uIongsIde
LIe cIuIrmun, cIIeI execuLIve
und hnunce dIrecLor, und couId
be puId 6 mIIIIon ($1o mIIIIon)
LIIs yeur. CIIeI ExecuLIve SLu-
urL GuIIIver, wIo couId be puId
$11.q mIIIIon LIIs yeur, suys pre-
crIsIs, LIe bunk`s CRO wouId
noL Iuve mude IL InLo LIe Lop o
eurners. Reuters
A generaI view of Shanghai`s nanciaI district of Pudong is seen from the top of the Shanghai Tower.
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..: ~,~.. ~._.._...,.
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_., ._ ..... . ._ ~.,~:.~
.q., ,...,.- ..,.q.:
._. ~q:..~ q,..q:..:.._~:
,.....:.q._~:. .q._.
~.q. . Zhejiang _._ ,e Fenghua
_.~._..~ ~._.._...,._e.._
Zhejiang Xingrun Real Estate Co
._ _._~.~ ~ .. ._~._.
..:~ e.. ... , .e
~..q ~, ..'.: , ... ., .,
. ~. .. .q .. ._. . . . .:. . ._ .
.,:~. e.. ~ ... ~ .e
~ ...e :._. . _., ._ ...... .
._ ~~ ~ ..~|. . q._ ~.,~:.
~q.,._~:. .q._.
~..|.~..:.._~: ~,~.
- ~._.._..:.....~~. ..~:
.... , ..:.~ . ~ ,. ,:... _. . ~. .
..:.q.._~:. .q._. Zhejiang
_._ ,e q ~. .q-_:.q.,.. ~. .
..:.~. .~ e .~ . ~ -._~._. .:.
._ ~: ~.~ ~. .:. _ ~ .~ .,q
._.
March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
REGIONAL BIZ
14
Myanmar Summary
Myanmar Summary
Is India Losing the Bay of Bengal?
Is the Bay of Bengal the next strategic locus for Sino-Indian strategic competition?
P
romInenL sLruLegIc com-
menLuLor Ruju MoIun
recenLIy IumenLed LIuL n-
dIu wus on LIe poInL oI 'IosIng`
LIe Buy oI BenguI Lo CIInu. TIe
occusIon oI IIs compIuInL wus
LIe uLLendunce by ndIun PrIme
MInIsLer MunmoIun SIngI uL
LIe summIL oI BMSTEC, LIe
Buy oI BenguI regIonuI group-
Ing, IeId In Myunmur.
AccordIng Lo MoIun, BM-
STEC represenLs u 'Iuge oppor-
LunILy` Ior ndIu Lo breuk ouL oI
LIe 'sLugnunL regIonuIIsm` oI LIe
ndIun subconLInenL. BuL ndIu
Ius IuIIed Lo cupILuIIse. MoIun
cIuIms ndIu`s sIuggIsIness In
deveIopIng regIonuI InIrusLruc-
Lure Is uIIowIng CIInu, wILI
ILs cIurucLerIsLIc em cIency, Lo
grub opporLunILIes. TIIs In-
cIudes roud IInks und gus und
oII pIpeIInes Irom souLIern
CIInu LIrougI Myunmur, und
possIbIy IIgI speed ruII IInks Lo
TIuIIund. TIese ure beIng buIIL
wIIIe ndIu LuIks. AccordIng Lo
MoIun, New DeIII`s dILIer-
Ing meuns ndIu wIII be IurLIer
murgInuIIsed In LIe regIon.
WeII, yes und no.
CerLuInIy LIe BMSTEC
groupIng Ius Iud Iew concreLe
ucIIevemenLs Lo duLe. To u sIg-
nIhcunL exLenL LIIs reecLs LIe
domestic turmoil and violent
InsurgencIes LIuL Iuve kepL
key members sucI us SrI un-
ku, BungIudesI, Myunmur und
TIuIIund InLernuIIy Iocused Ior
yeurs. ndIu Is uIso very good uL
IookIng gIIL Iorses In LIe mouLI.
New DeIII recenLIy uIIowed LIe
WesL BenguI sLuLe governmenL
Lo bIock u deuI LIuL wouId Iuve
resoIved muny dIerences wILI
BungIudesI und puved LIe wuy
Ior crucIuI LrunsIL rIgILs Ior n-
dIun Lrude ucross BungIudesI.
PIuns Ior LIe deveIopmenL oI
road infrastructure connecting
mujor munuIucLurIng ureus In
eusLern ndIu wILI BungIudesI,
Myunmur und TIuIIund Iuve
been under dIscussIon Ior yeurs.
BuL MoIun`s IumenL does noL
Luke InLo uccounL ndIu`s udvun-
Luges LIuL muke IL LIe nuLuruI
power In LIe Buy oI BenguI.
New DeIII Is In IucL gIvIng re-
newed Iocus Lo BMSTEC mem-
bers, wILI empIusIs on Im-
provIng LrunsporL connecLIvILy
ucross LIe souLIern AsIun IILLo-
ruI. ndIu Is uIso sponsorIng LIe
consLrucLIon oI new roud und
rIver connecLIons beLween ILs
vIrLuuIIy Iund-Iocked norLIeusL
sLuLes und LIe Buy oI BenguI
LIrougI new porL IucIIILIes In
SILLwe, Myunmur. TIIs sIouId
be compIeLed nexL yeur.
ndIu`s economIc und poIILI-
cuI IInks ucross LIe Buy oI Ben-
guI ure growIng, und LIey Iuve
been uccompunIed by un expun-
sIon oI ndIu`s regIonuI securILy
roIe. ndIu Ius Iong uspIred Lo
be recognIsed us LIe predomI-
nunL power In LIe Buy oI Ben-
gal and to assume a greater
sLruLegIc roIe In SouLIeusL AsIu.
TIese umbILIons ure broudIy
consIsLenL wILI LIe perspecLIves
oI muny ASEAN sLuLes. TIey
generuIIy see ndIu us u posILIve
IucLor In LIe regIonuI buIunce
oI power - IurgeIy In conLrusL
wILI CIInu.
TIe regIon wouId probubIy
benehL Irom un expunsIon oI
ndIu`s securILy roIe. TIe Buy oI
BenguI Is beseL by muny securILy
probIems, IncIudIng concerns
over Lrude LIrougI LIe MuIuccu
SLruIL, murILIme boundury dIs-
puLes InvoIvIng uccess Lo energy
resources, sepuruLIsL Insurgen-
cIes, wIdespreud pIrucy und
smuggIIng, und envIronmenLuI
securILy probIems IncIudIng LIe
possIbIe InunduLIon oI Iurge purLs
oI LIe IILLoruI by rIsIng seu IeveIs.
ndIu sees ILseII us u neL secu-
rILy provIder Lo LIe Buy oI Ben-
guI regIon. or decudes, ndIu
Ius deveIoped ILs mIIILury pres-
ence In LIe Andumun sIunds
LIuL run norLI-souLI LIrougI
LIe Buy. WIIIe LIIs cuused some
unease among regional states
durIng LIe CoId Wur, ndIu`s
presence Is now seen In posILIve
Lerms.
ndIu Ius growIng securILy re-
IuLIonsIIps wILI uII oI ILs Buy oI
BenguI neIgIbours und Ius con-
ducLed symboIIc coordInuLed
nuvuI puLroIs wILI LIe ndone-
sIun und TIuI nuvIes Ior some
yeurs. ndIu Ius been keen Lo
demonstrate its credentials as a
provIder oI pubIIc goods In sucI
ureus us murILIme poIIcIng,
counLer-LerrorIsm und IumunI-
LurIun und dIsusLer reIIeI.
or yeurs, ndIu Ius IosLed
its premier multilateral naval
exercIse, ExercIse MAN, ouL
oI LIe Andumuns. TIIs yeur`s
evenL, IeId In eurIy ebruury,
wus LIe IurgesL ever, wILI 16
guesL nuvIes represenLed, In-
cIudIng uII Buy oI BenguI sLuLes
und oLIer nuvIes Irom LIe Pu-
cIhc Lo AIrIcu. As menLIoned
In u recenL posL, LIe cooperu-
tive and multilateral nature of
ndIu`s ExercIse MAN sLunds
In sLurk conLrusL Lo CIInu`s unI-
lateral naval demonstrations in
LIe eusLern ndIun Oceun onIy u
Iew duys prIor.
ndIu`s ImpIIcIL securILy roIe
LIrougIouL LIe Buy oI BenguI
couId soon be IormuIIsed. On
; MurcI, ndIu`s NuLIonuI Se-
curILy AdvIsor, SIIv SIunkur
Menon, unnounced LIuL LIe
ndIun Oceun IsIund sLuLes oI
SeycIeIIes und MuurILIus Iud
joIned ndIu`s exIsLIng nuvuI ur-
rungemenL wILI SrI unku und
LIe MuIdIves In u new murI-
LIme securILy groupIng cover-
Ing LIose IsIund sLuLes. Menon
uIso IoresIudowed LIuL LIe ur-
rungemenL muy be expunded Lo
encompuss LIe Buy oI BenguI or
LIuL u sImIIur urrungemenL muy
repIIcuLed wILI Buy oI BenguI
sLuLes.
Menon`s commenLs muy weII
Iuve been prImurIIy InLended
Ior BeIjIng`s consumpLIon, us u
response Lo LIe CIInese nuvuI
exercIses. However, LIe deveI-
opmenL oI u muILIIuLeruI murI-
LIme securILy urrungemenL In
LIe Buy oI BenguI wouId be u
IIgIIy sIgnIhcunL, und muny
wouId suy posILIve, sLep Ior
LIe securILy urcIILecLure oI LIe
eusLern ndIun Oceun. ndIu Ius
noL 'IosL` LIe Buy oI BenguI quILe
yeL. The Interpreter
Economists Trim Singapore 2014
GDP Forecasts
Masayuki Kitano
S
Ingupore`s economy Is
IIkeIy Lo expund uL u Iruc-
LIonuIIy sIower puce In
zo1q LIun wus expecLed LIree
monLIs ugo, wIIIe LIe core In-
uLIon ruLe Is seen Lo be sIIgILIy
IIgIer, u cenLruI bunk survey oI
IorecusLers reIeused IusL week
sIowed.
TIe medIun IorecusL oI zz
economIsLs surveyed by LIe
MoneLury AuLIorILy oI SIngu-
pore (MAS) wus Ior LIe cILy-
states gross domestic product
(GDP) Lo expund .8 percenL In
zo1q, compured wILI .q per-
cenL seen In LIe prevIous sur-
vey, reIeused In December.
TIe survey`s growLI projec-
LIon Ior SIngupore`s GDP LIIs
yeur Is uL LIe Lop end oI LIe gov-
ernmenL`s zo1q IorecusL oI z-q
percenL.
TIe sIIgIL cIunge In LIe sur-
vey`s growLI projecLIon Is un-
IIkeIy Lo uILer murkeL expecLu-
LIons Ior MAS Lo sLIck Lo ILs
sLunce oI uIIowIng u modesL
und gruduuI upprecIuLIon oI
LIe SIngupore doIIur uL ILs poI-
Icy revIew due In AprII.
TIe MAS survey sIowed LIuL
economIsLs Iowered LIeIr Iore-
cusLs Ior IuII-yeur growLI In sec-
Lors sucI us consLrucLIon und
wIoIesuIe und reLuII Lrude, und
uIso Ior prIvuLe consumpLIon.
EconomIsLs, Iowever, ruIsed
LIeIr growLI IorecusL Ior LIe
munuIucLurIng secLor, even us
LIey Iowered expecLuLIons Ior
expunsIon In non-oII domesLIc
exporLs. Reuters
Chief of the Indian Naval Staff Admiral DK Joshi (L) talks with his Myanmar counterpart Thura Thet Swe before a meeting in
New Delhi, India.
P
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~.. ..~: ..:.~ .~ . ~ . ., ..,
q._~: . .e:-e:. .. q: . ...
_. .~ .:.~ ._.:_~:.. ~. ._e.
..: Raja Mohan . ._.:_~:..
._~:. .q._.
_.,.:.~ .:...e.~:
....q: .~........_e.._
BIMSTEC ~ _...._.. ~.e.
-~, _~ ... _e. ._ ., . e, . .._ .
~~.q:~._.. e..~........
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_~:.._.._e.._.Mohan - ._.:
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.,.._.: ..... __~:._._e.
._~:.._. .q._.
March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
REGIONAL BIZ
15
Myanmar Summary
Myanmar Summary
Japan Govt Remains Upbeat on Economy
Despite Worries over Exports
J
apans government up-
gruded ILs vIew on IucLory
ouLpuL wIIIe IeuvIng ILs
overall economic assessment
uncIunged, soundIng upbeuL
on LIe worId`s LIIrd-IurgesL
economy.
TIe governmenL, In ILs monLI-
Iy reporL Issued IusL week, de-
scrIbed LIe economy us mod-
eruLeIy recoverIng, ecIoIng u
sImIIur vIew LIe week beIore by
LIe Bunk oI Jupun.
PoIIcymukers ure conhdenL oI
u spurL oI IusL-mInuLe demund
uIeud oI u suIes Lux Increuse In
AprII.
BuL LIe reporL ugged rIsks
Lo LIe ouLIook sucI us LIe ex-
pected drop in consumption af-
Ler LIe Lux IIke und u sIowdown
In LIe gIobuI economy, wIIcI
couId pressure exporLs.
uckIusLre exporLs Iuve been
u concern Ior LIe governmenL,
wIIcI Is counLIng on sIIpmenLs
Lo IeIp cusIIon LIe expecLed
denL In domesLIc ucLIvILy wIen
LIe suIes Lux ruLe rIses Lo 8 per-
cenL Irom LIe currenL percenL.
We see LIe economy on u
hrm IooLIng us corporuLe eurn-
Ings perIorm weII und job con-
dILIons Improve sLeudIIy, suId u
CubIneL Omce omcIuI In cIurge
oI compIIIng LIe reporL.
TIe IusL-mInuLe demund Is
IncreusIngIy spreudIng Irom
curs Lo IouseIoId uppIIunces,
IurnILure und cIoLIIng.
ucLory ouLpuL Is IncreusIng
us u resuIL, LIe MurcI reporL
suId, compured wILI ILs prevI-
ous vIew LIuL IndusLrIuI ouLpuL
wus rIsIng moderuLeIy.
L murks LIe hrsL upwurd revI-
sIon on ouLpuL sInce JuIy.
However, LIe governmenL
cuL ILs vIew on IousIng InvesL-
menLs, suyIng growLI wus sIow-
Ing, wILI LIe IusL-mInuLe boom
uIreudy seen LuperIng o In LIe
IousIng secLor. PrevIousIy, IL
Iud suId IousIng consLrucLIon
wus IncreusIng due Lo LIe rusI
Lo beuL LIe Lux Increuse.
TIe governmenL sLuck Lo ILs
ussessmenL on exporLs, suyIng
LIey ure uL, IoIIowIng u sImIIur
vIew seen by LIe BOJ.
usL week LIe BOJ cuL ILs vIew
on exporLs, suyIng LIey Iud Iev-
eIIed o, uILIougI IL dId ruIse ILs
assessment on capital spending
und sounded more upbeuL on
IucLory ouLpuL.
TIe cenLruI bunk kepL ILs mus-
sIve moneLury sLImuIus InLucL uL
LIe MurcI 1o-11 poIIcy revIew,
soundIng conhdenL ubouL meeL-
Ing ILs z percenL InuLIon LurgeL
by uround eurIy zo1, wIIcI Is
seen us dImcuIL by muny prI-
vuLe-secLor unuIysLs.
WILI core consumer InuLIon
uL hve-yeur IIgI oI 1. percenL
In Junuury, LIe governmenL re-
ILeruLed LIuL IL expecLs LIe BOJ
Lo meeL LIe prIce gouI uL LIe eur-
IIesL possIbIe LIme. TIe MurcI
reporL descrIbed prIces us rIs-
Ing moderuLeIy. Reuters
Vietnum CoHee-Sules Slow As
Prices Dip, Discounts Shrink
C
oee prIces In VIeLnum
IeII IusL week, puIIed
down by u decIIne In on-
don robusLu IuLures murkeL,
puLLIng u bruke on Iurmers` seII-
Ing LIuL begun eurIy LIIs monLI,
Lruders suId.
RobusLu prIces rIsIng beyond
u key IeveI oI qo,ooo dong per
kg In VIeLnum, LIe worId`s Iurg-
esL producer oI LIe bILLer beuns
used muInIy Ior mukIng soIubIe
coee, Ius prompLed Iurmers
Lo ucceIeruLe seIIIng In LIe pusL
Lwo weeks.
usL week, gIobuI coee mur-
keLs reLreuLed us u IorecusL Ior
wIdespreud ruIn In Lop grower
BruzII`s coee beIL Look ouL
some oI LIe murkeL`s weuLIer
premIum. Muy robusLu on Ie
hnIsIed o.; percenL Iower uL
$z,1q u Lonne.
On IusL Tuesduy prIces In
VIeLnum, wIIcI cIoseIy Lruck
ondon IuLures prIces, eused
uround 1 percenL Irom LIe pre-
vIous duy Lo q1,ooo-q1,oo
dong ($1.qq-$1.q6) per kg, weII
beIow q1,6oo-q1,;oo dong u
week ugo.
AILer u sLrong suIe IusL week,
Iurmers ure noL seIIIng now us
prIces euse u bIL, u Lruder In Ho
CII MInI CILy suId.
urmers In LIe CenLruI HIgI-
Iunds coee beIL, wIo grow coI-
Iee on some 8o percenL oI LIe
regIon`s LoLuI coee ucreuge,
Iud eurIIer expecLed prIces Lo
rIse Lo q,ooo dong per kg on
dry weuLIer uecLIng LIe Bru-
zIIIun crop.
BuL Iower prIces In ondon
puIIed VIeLnumese prIces down
Ho Binh Minh IusL week, und uIso nurrowed
LIe dIscounLs oI VIeLnumese
beuns.
usL Tuesduy, VIeLnumese ro-
busLu grude z, percenL bIuck
und broken were oered uL $;o
Lo $qo u Lonne beIow LIe Muy
conLrucL, down Irom $8-$11o
LIe week beIore.
n LIe sume perIod IusL yeur,
LIe beuns were oered uL pre-
mIums oI $qo u Lonne Lo on-
don IuLures prIces.
WIIIe suIes sIowed LIIs week,
VIeLnum`s coee exporL duLu Ior
ebruury suggesLed suppIy Lo
LIe gIobuI murkeL wus umpIe.
usL monLI VIeLnum exporLed
18q,1oo Lonnes (.o; mIIIIon
bugs) oI coee, u surge oI 8.q
percenL Irom u yeur ugo, VIeL-
num CusLoms suId, Iur ubove
murkeL expecLuLIons.
Some coee Iurms Iuve been
IucIng wuLer sIorLuge In LIe
cenLruI IIgIIund provInce oI
KonLum, us LIe dry seuson
peuks In LIe regIon, sLuLe-run
IberuLIon SuIgon duIIy suId.
Reuters
.,.._q~.~.~~ -e~,.
. ~ .~: e .... , ..:.~. .. _. .
.~:e.~....:.- .q:...._
._ . ~q , ..: . :.._~: . ~ , ._
.:.~ ._.:_~:._~._.
.~: e . ~ . .. ~ ~. : . ~, .
._e...: -e~,..~ .,.
._ ...~.~:~~. Robusta
.~:e~.~.q.. ..| ,~~~~
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., ... . ~ ._.: .. ~ .~~ . .:..q
.....: ._. ., ~. .q~.,_e
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.~~ .,~..q._ ....~..
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.:_. . e. ~._. ., . --e
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~...:.~..' e~:..:.q.._
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..: _~_ . :.q._ ~.,~:.. _e.
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Robusta prices rising beyond a key IeveI of 4U,UUU dong per kg in Vietnam, the
worlds largest producer of the bitter beans used mainly for making soluble coffee,
has prompted farmers to accelerate selling in the past two weeks.
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A worker walks inside a container area at a port in Tokyo. Japans annual export growth in February was short of market ex-
pectations and a Bank of Japan policymaker warned about the outlook as the worlds third-largest economy faces a sales tax
hike next month that could dent economic activity.
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March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
INTERNATIONAL BIZ
16
Myanmar Summary
Bankings Back Room Risk Cops Step into Top Jobs
Steve Slater
O
nce modest of
puy und pro-
hIe, rIsk experLs
ure beIng reborn us rock
sLurs oI LIe bunkIng worId
- LIeIr sLuLus und suIu-
ries soaring as regulators
Iorce hnuncIuI InsLILu-
LIons Lo cIeun up.
ndusLry-wIde Inves-
tigations into alleged
excIunge ruLe munIpu-
IuLIon, LrudIng scunduIs
uL UBS, SocIeLe Gener-
uIe und JPMorgun und
HSBC`s $1.q bIIIIon hne
Ior Iux money-IuunderIng
ruIes Iuve upped LIe unLe
Ior bunks uIreudy under
pressure Lo curb reckIess
beIuvIour LIuL Ied Lo LIe
hnuncIuI crIsIs.
Now wuLcIdogs und
cenLruI bunks wunL Lo see
u cIeur IIne oI responsIbII-
ILy Ior LIe uvoIdunce oI
sucI huscos In LIe IuLure,
und us u resuIL, LIe posI-
LIon oI cIIeI rIsk omcer
(CRO) Ius jumped up LIe
runks. Muny CROs now
sIL uIongsIde LIe hnunce
director as second in im-
porLunce beIInd LIe cIIeI
execuLIve.
TIe roIe oI LIe CRO Ius
become brouder, IIgIer
prohIe und more Inu-
enLIuI, suId Anne Mur-
pIy, Ieud oI UK hnun-
cial services for executive
recruILmenL hrm Odgers
BerndLson.
n Lurn, suIurIes Iuve
soured. Puy In rIsk-reIuLed
jobs rose 6 percenL In zo1
und rockeLed 1q percenL Ior
LIose wIo moved hrms,
uccordIng Lo u reporL by
recruILmenL hrm BurcIuy
SImpson.
HSBC cIIeI rIsk omcer
Murc Moses joIned LIe
bunk`s bourd uL LIe sLurL
oI zo1q, uIongsIde LIe
cIuIrmun, cIIeI execuLIve
und hnunce dIrecLor, und
couId be puId 6 mIIIIon
($1o mIIIIon) LIIs yeur.
CIIeI ExecuLIve SLuurL
GuIIIver, wIo couId be
puId $11.q mIIIIon LIIs
yeur, suys pre-crIsIs, LIe
bunk`s CRO wouId noL
Iuve mude IL InLo LIe Lop
o eurners.
AL SpuIn`s SunLunder
LIe Lop rIsk execuLIve Mu-
LIus RodrIguez ncIurLe
wus ILs second-IIgIesL
puId dIrecLor IusL yeur,
geLLIng Cq.; mIIIIon.
TIose numbers, suys
MurpIy, ure recognILIon
LIuL IL`s u bIg job. TIere
uren`L muny peopIe wIo
Iuve LIe skIIIs und ubIII-
LIes Lo do IL weII, com-
bIned wILI LIe Increuse In
senIorILy und responsIbII-
ILy.
Wi de Remi t
CIIeI rIsk omcers en-
sure LIuL wIere poLen-
LIuI dungers exIsL, LIey
ure monILored und kepL
In cIeck. TIuL cun runge
Irom meusurIng Iow
IIkeIy Iouns ure Lo be puId
buck, Iow rIsky bunks`
posILIons In hnuncIuI
murkeLs mIgIL be, und
wIuL poLenLIuI Iosses muy
be Incurred Irom Iruudu-
IenL ucLIvILIes.
However uILer LIe hnun-
cIuI crIsIs oI zoo;-zoo8
LIIs uIreudy wIde remIL
Ius become Iurger sLIII,
and its parameters more
cIeurIy poIIced.
CROs musL ensure
bunks ubIde by LougIer
reguIuLIons uround LIe
worId, Iummered ouL by
governmenLs LIuL Iud Lo
use pubIIc Iunds Lo keep
muny oI LIem Irom sInk-
Ing under LIe burden oI
bud Iouns resuILIng Irom
excessIve borrowIng,
rIsky InvesLmenLs und u
Iuck oI Lrunspurency.
Muny CROs ure now
uIso responsIbIe Ior en-
surIng cyber securILy und
spoLLIng Lerror hnuncIng
und money IuunderIng
- so-cuIIed compIIunce
IuncLIons LIuL prevIousIy
oILen IeII under LIe remIL
oI u bunk`s IeguI dIvIsIon.
TIe scuIe oI LIe new
CRO job Is reecLed In
LIe umounL oI LIme sucI
concerns occupy uL bou-
IeveI. SunLunder suId ILs
bourd spenL o percenL
oI ILs LIme IusL yeur on
rIsk munugemenL, und
BurcIuys` bourd Ius spenL
-qo percenL oI ILs LIme
on governunce und rIsk Is-
sues In LIe IusL Lwo yeurs.
As u resuIL some CROs
ure beIng InvILed Lo joIn
LIe bourd, unoLIer noLcI
Ior LIeIr sLuLus und puy
puckeLs.
Accountabi li ty
TIe job oI CRO comes
wILI ILs own rIskJrewurd
equuLIon: ILs new eIevuL-
ed sLuLus uIso brIngs Iur
more uccounLubIIILy.
oIIowIng LIe InLroduc-
LIon oI new posL-crIsIs
IegIsIuLIon In BrILuIn, Ior
exumpIe, LIese bunkers
cun now be senL Lo prIson
II Iound guIILy oI LIe new
cIurge oI reckIess mIs-
conducL IeudIng Lo bunk
IuIIure.
WIereus beIore IL wus
u sIIgILIy LecIy und book-
IsI Lype oI job, now rIsk
Is IncredIbIy dIverse und
currIes u Iuge umounL
more responsIbIIILy II you
ure runnIng LIe depurL-
menL, und LIe repercus-
sIons Ior LIe cIIeI rIsk oI-
hcer ure proIound, suId
Murk GurnIer, u BrILIsI
Iuwmuker wIo wus purL oI
u puneI LIuL IusL yeur pro-
posed cIunges Lo muke
IndIvIduuIs uL bunks more
uccounLubIe.
However LIe jump In
puy und prohIe meuns
LIuL LIe job Is noneLIe-
Iess IIkeIy Lo LempL more
cundIduLes Lo hII wIuL Is
currenLIy u smuII pooI oI
specIuIIsLs.
HeudIunLers suy LIe
rIsIng sLuLus oI Lop rIsk
munugers couId see IL be-
come u popuIur puLI Ior
umbILIous execuLIves wIo
now see IL us u rouLe Lo LIe
CEO`s cIuIr. Reuters
Vodafone Agrees 7.2-b Deal To Buy Spains Ono
Kate Holton
V
oduIone Group PIc
Ius ugreed Lo buy
Spains largest ca-
bIe operuLor Ono Ior C;.z
bIIIIon ($1o bIIIIon), In LIe
IuLesL move by LIe BrILIsI
group Lo rebuIId ILs Eu-
ropeun operuLIons wILI u
broudbund oerIng.
VoduIone suId LIe deuI
wouId enubIe IL Lo oer
u combInuLIon oI mobIIe
und hxed-IIne LeIepIony,
puy-TV und broudbund
in one of its largest Euro-
peun murkeLs, IIL Iurd by
herce compeLILIon und LIe
eecLs oI u IengLIy reces-
sIon.
TIe deuI Ior prIvuLe eq-
uILy-owned Ono Is Vodu-
Ione`s LIIrd purcIuse oI
u Europeun hxed-broud-
bund usseL In Lwo yeurs,
uIIowIng IL Lo oer un In-
creasing range of services
und omoud some oI ILs
mobIIe Lrumc on Lo Ono`s
cubIe neLwork.
TIe BrILIsI group,
wIIcI Is rebuIIdIng ILs
core Europeun neLworks
wILI proceeds Irom LIe
$1o bIIIIon suIe oI ILs US
urm, suId IL wouId uIso
suve uround Czqo mII-
IIon, beIore InLegruLIon
cosLs, by LIe IourLI IuII
yeur uILer compIeLIon.
TIe combInuLIon oI
VoduIone und Ono cre-
ates a leading integrated
communications pro-
vider in Spain and repre-
senLs un uLLrucLIve vuIue-
creuLIon opporLunILy Ior
VoduIone, LIe IuLLer`s
CIIeI ExecuLIve VILLorIo
CoIuo suId.
A C;.z bIIIIon prIce Lug
ImpIIes u muILIpIe oI 1o.q
LImes LIe LurgeL`s operuL-
Ing Iree cusI ow, broudIy
In IIne wILI recenL deuIs
In LIe Europeun cubIe und
LeIecoms secLor.
Reuters
Myanmar Summary
~ . . , .. .. q:~
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.,.:.q.q._.,..'..:.
~_~ ~:~,eq._ ~.
..:...:.~.,_e ..,.
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oIfcer (CRO) .:.._ ~.
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Berndtson . ~_~ .~~ _e. .
AnneMurphy ~ ._.:_~:..
._.
Vodafone Group Plc ._
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broadband..,._e _.,._
~_ .: . ._ ._e. ._ .e.
..:~_.~~q ...
fxed-line telephony pay-
TV . broadband ~~:.
.q:....~~.:.. ~_~...
...~ ~ ~. . ~ ..: q ~
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At Spains Santander the top risk executive Matias Rodriguez Inciarte was its second-highest paid direc-
tor Iast year, getting t4.7 miIIion.
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March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
INTERNATIONAL BIZ
17
Contd. P 8...(Major Plane)
S
ome US doctors are
becomIng concerned
ubouL LIe quuIILy oI
generIc drugs suppIIed by
Indian manufacturers fol-
IowIng u urry oI recuIIs
und ImporL buns by LIe
ood und Drug AdmInIs-
LruLIon.
ndIu suppIIes ubouL qo
percent of generic and
over-LIe-counLer drugs
used In LIe UnILed SLuLes,
mukIng IL LIe second-bIg-
gest supplier after Cana-
du.
n recenL monLIs, LIe
DA, cILIng quuIILy con-
LroI probIems rungIng
from data manipulation
Lo sunILuLIon, Ius bunned
LIe ImporLuLIon oI prod-
ucLs Irom Runbuxy ubo-
ruLorIes Ld, WockIurdL
Ld und, mosL recenLIy,
Sun PIurmuceuLIcuI n-
dusLrIes Ld.
`m jusL begInnIng Lo
reuIIse LIe gruvILy oI LIe
probIem, suId Dr SLeven
NIssen, Ieud oI curdIoIo-
gy uL LIe CIeveIund CIInIc.
L`s LerrIbIe und IL Is sLurL-
ing to get a lot of traction
umong pIysIcIuns.
ndIun drugmukers ure
by no meuns LIe onIy
companies to recall prod-
ucLs or be wurned by LIe
DA ubouL munuIucLurIng
probIems. or InsLunce,
Unease Grows Among US Doctors over
Indian Drug Quality
Toni Clarke and
Bill Berkrot
quuIILy conLroI IuIIures
uL JoInson & JoInson
Iorced LIe compuny Lo
recuII dozens oI producLs
over LIe pusL hve yeurs,
rungIng Irom urLIhcIuI
IIps Lo cIIIdren`s TyIenoI.
And IusL yeur, Germu-
ny`s BoeIrInger ngeI-
IeIm suId IL wouId sIuL
down ILs US conLrucL
munuIucLurIng unIL, Ben
Venue uboruLorIes, uILer
IL wus cILed Ior repeuLed
manufacturing violations
LIuL Ied Lo sIorLuges oI
LIe cuncer drug DoxII.
ndIu`s drugmukers, u
$1q bIIIIon IndusLry, re-
jecL uny crILIcIsm LIuL
LIeIr producLs ure InIerIor
Lo drugs mude In oLIer
counLrIes.
We Iuve Ieurd doc-
Lors mukIng generuIIsed
sLuLemenLs, wILIouL be-
Ing specIhc on uny prod-
ucL or compuny, suId DG
SIuI, secreLury generuI
oI LIe ndIun PIurmu-
ceuLIcuI AIIIunce, u Lrude
group representing large
ndIun drugmukers. TIIs
Is u deIIberuLe und serIous
cumpuIgn Lo muIIgn LIe
ndIun generIc IndusLry.
If US doctors come
ucross u medIcIne LIuL
does noL meeL quuIILy
sLundurds, LIey sIouId re-
porL IL Lo reguIuLors, Ie
suId. DocLors ure noL In u
posILIon Lo judge wIeLIer
manufacturing processes
ure correcL or noL. TIuL Is
LIe US DA`s job.
Generic drugs account
Ior neurIy 8 percenL oI
medIcInes prescrIbed In
LIe UnILed SLuLes und LIe
governmenL Is reIyIng
on LIem Lo IeIp reIn In
IeuILIcure cosLs.
I ndi a doctor s hi t
back
ndIun pIysIcIuns do noL
sIure LIe concerns.
Our drugs ure beIng soId
In muny counLrIes und be-
Ing uccepLed, so we Iuve
no Issues, suId Nurendru
SuInI, SecreLury GeneruI oI
LIe ndIun MedIcuI Asso-
cIuLIon, u voIunLury body oI
z1,ooo docLors. How do
know LIuL WesLern drugs
ure beLLer LIun our drugs?
Dr RIcIurd Kovucs, wIo
Ieuds u number oI AmerI-
cun CoIIege oI CurdIoIogy
committees and sits on
ILs bourd oI LrusLees, suId
docLors muy need Lo pIuy
a greater role monitor-
Ing LIe medIcuLIons pre-
scrIbed by LIeIr prucLIces.
Har d to keep up
DA CommIssIoner
MurgureL Humburg, wIo
recenLIy reLurned Irom Ier
hrsL omcIuI vIsIL Lo ndIu, Is
urgIng greuLer coIIuboru-
LIon beLween LIe Lwo coun-
LrIes. DurIng Ier vIsIL, LIe
DA und ndIu`s MInIsLry
oI HeuILI und umIIy WeI-
fare signed a statement of
intent to cooperate to pre-
venL LIe dIsLrIbuLIon oI un-
suIe drugs.
SIorLIy uILerwurds, n-
dias drug controller gen-
eruI, GN SIngI, suId In un
InLervIew LIuL LIe counLry
wIII IoIIow ILs own quuIILy
sLundurds.
TIe DA muy reguIuLe
ILs counLry, buL IL cun`L
reguIuLe ndIu on Iow n-
dIu Ius Lo beIuve or Iow
Lo deIIver, Ie suId.
Reuters
Myanmar Summary
Major Plane Buyer Sees Boeing,
Airbus Supply Chain Risk
Bill Rigby
B
oeIng Co und AIr-
bus ure rIskIng
over-sLressIng LIe
fragile aerospace sup-
pIy cIuIn us LIey rump
up plane production to
unprecedented levels to
meeL sLrong demund, one
oI LIe worId`s mosL Inu-
enLIuI pIune buyers suId
IusL week.
SLeven Udvur-Huzy,
cIIeI execuLIve oI AIr
euse Corp, one oI LIe
worId`s bIggesL uIrcruIL
Iessors, Is uIso urgIng
LIe Lwo pIune mukers Lo
buIId new jeLs Lo hII LIe
gup beLween Iurger LwIn-
aisle aircraft and smaller
nurrow-bodIed pIunes,
dubbIng LIe proposed uIr-
cruIL LIe 'BoeIng ;q;` und
'AIrbus A6o`.
Udvur-Huzy, u mujor
cusLomer In LIe $11o bII-
IIon gIobuI pussenger uIr-
cruIL busIness, suId LIe
pressure of production
acceleration could cause
probIems uL LIe Iower end
oI LIe compIex uIrcruIL
suppIy cIuIn.
`m Iess concerned
ubouL BoeIng und AIr-
bus ussembIIng LIe uIr-
pIunes, Udvur-Huzy LoId
ReuLers on LIe sIdeIInes
oI LIe unnuuI STAT uIr
leasing conference in San
DIego.
As you go down LIe
suppIy cIuIn, Iundreds
oI suppIIers, smuII suppII-
ers, cun LIey keep up wILI
1oo sIngIe-uIsIe uIrcruIL u
monLI? TIuL`s u bIg con-
cern oI ours, becuuse u
IILLIe guy cun sIIp up und
LIen IL IoIds up every-
LIIng.
DeIuys In LIe suppIy
cIuIn cun be cosLIy Ior
everyone In LIe IndusLry,
us BoeIng Iound ouL In LIe
IuLe 1qqos wIen IL wus IIL
by bIIIIons oI doIIurs In
uccounLIng cIurges uILer
purLs sIorLuges sLopped
producLIon.
AIrbus recenLIy suId IL
wIII IIIL producLIon oI ILs
sIngIe-uIsIe Azo pIunes
by neurIy 1o percenL,
muLcIIng u sImIIur move
by BoeIng. BoLI com-
punIes uIso ure buIIdIng
muny oI LIeIr doubIe-uIsIe
pIunes uL IusLer ruLes. By
zo1;, BoeIng und AIrbus
wIII be cIurnIng ouL u
sLuggerIng 18 new jeLIIn-
ers u monLI.
Udvur-Huzy suId boLI
compunIes ure beIng cuu-
LIous ubouL LIese produc-
LIon IIkes, buL LIe poLen-
LIuI Ior LroubIe sLIII exIsLs.
TIey reuIIse LIe weuk
IInk In LIe cIuIn Is noL uL
LIeIr IeveI, IL`s down sev-
eruI Iuyers, Ie suId.
Fi lli ng the si ze gap
Udvur-Huzy Iounded
nLernuLIonuI euse I-
nunce Corp In 1q;, und
Lurned IL InLo u power-
Iouse In LIe pIune-buyIng
busIness. He LIen IeIL Lo
sLurL AIr euse Corp In
zo1o.
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._ ~ . e... ~| . ~ . ~ .
.:~ . ....,..: ...~|.
~..~.:..:.- ~q_~...
. .~.~_ ..q...:.q.:.
._~:. .q._.
~ . . _. ....~|..:.~:.
_., ._ . . .._ .. . ~.:.
~..:~ . ...~|.. . ., . . _:,
. ~ . .. ~ ~:._.. . _. ..,:~
e. ~ . . .q . e e q:.:._e. .:.
._~: . . q._ .~ . e. ._
~..q~,.~~~ ...~|.
.:.~:. ,~ q:..,.~
.:~ . ~ . ....,_. . ~.,.|
_... .~e._.:~~_~...
...~|.~.._e.._~:. .q
._.
._~:... . ..:. ~~ .
~.:.~..:~ . ...~|.. .
., . . _:,. ...~|..:.-~q_
~.. .~. . , ... . . .. . .
_ .:~ _ .. _. . Ranbaxy
Laboratories Ltd Wockhardt
Ltd. Sun Pharmaceutical
Industries Ltd ~. ...~|.
~ ~ , .:.~ . .. ~ ~:._..
. ._ .~q_ ~.. .. . , ...
. . ~ ..~: _. . .:.._~:
. , . ..: | . . . .~: ~
J ohnson & J ohnson ~.~
._ ...~|. ~ ~ , ~. .~.:.
.|~.._ _.,._...._.
._....q._~:. .q._.
March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
INVESTMENT & FINANCE
18
Myanmar Summary
From page ;... (Major Plane)
David Mayes
E
ducation is gener-
uIIy one oI LIe bIg-
gest investments
mosL oI us wIII muke In
our IIves. TIe Iunny LIIng
Is LIuL mosL peopIe don`L
Luke LIe LIme Lo do uny
unuIysIs Lo deLermIne II
LIe progrum oI sLudy LIey
ure goIng InLo Is ucLuuIIy
a good or a poor invest-
menL. ObvIousIy wIen IL
comes LIme Ior your cIII-
dren Lo Ieud o Lo unI-
versILy you ure goIng Lo
wunL Lo uIIow LIem Lo IoI-
Iow LIeIr pussIon (us LIeIr
odds oI beIng successIuI
In IIIe ure mucI greuLer
II you do), buL II you ure
IooLIng LIe bIII you prob-
ubIy uIso wunL Lo muke
sure LIuL LIe InvesLmenL
you ure mukIng on LIeIr
beIuII Is worLI IL.
recenLIy reud un urLIcIe
runkIng LIe degrees wILI
LIe worsL reLurns on In-
vesLmenL. ArL, socIoIogy,
educuLIon, reIIgIous sLud-
Ies, IospILuIILy, und psy-
cIoIogy were uII on LIe
IIsL. NoL surprIsIngIy you
wIII noLIce LIese ure oILen
uILruIsLIc Lypes oI cureers,
reInIorcIng LIe oId suyIng
LIuL no good deed goes
Viewing Education as An Investment
unpunIsIed. nLeresLIng
uIso wus u recenL orbes
urLIcIe LIuL IIsLed LIe Lop
z unIversILIes wILI LIe
worsL RO (reLurn on In-
vesLmenL). TIey uII were
ucLuuIIy neguLIve, ImpIy-
Ing LIuL you wouId be h-
nuncIuIIy beLLer o over
LIe course oI your IIIe by
IuvIng noL goLLen educuL-
ed uL one oI LIese InsLILu-
LIons.
L Is eusy Lo LIInk Irom
LIe ubove purugrupI LIuL
ImpIyIng eILIer uvoId-
ing altruistic professions
or even unIversILy uII Lo-
geLIer. TIuL Is noL LIe
cuse uL uII, buL II you ure
consIderIng sendIng your
cIIIdren Lo u scIooI wILI u
neguLIve RO LIen wouId
serIousIy reconsIder, und
uLLempL Lo hnd u progrum
LIuL Is u beLLer InvesLmenL
wIen IookIng uL cosL ver-
sus uveruge suIurIes, eLc.
I your cIIIdren wunL Lo
go InLo un uILruIsLIc heId
wouId Iook Ior wuys Lo
brIng down LIe overuII
cosL, us LIIs Increuses LIe
expecLed RO. TIe sILuu-
LIon Is sImIIur Lo LIuL oI u
sLock, wIere LIe compuny
itself often isnt a good or
u bud InvesLmenL on ILs
own. TIe prIce uL wIIcI
you obLuIn IL cun muke
LIe dIerence beLween IL
beIng u poor or good In-
vesLmenL.
An eusy wuy Lo do LIIs
couId be Lo do medI-
cuI scIooI In u Iow cosL
jurIsdIcLIon sucI us LIe
CurIbbeun Ior exumpIe,
as a good friend of mine
dId. goL u Lwo yeur de-
gree uL u communILy coI-
Iege und LrunsIerred LIe
cIeup credILs InLo u mucI
more expensive private
unIversILy beIore IuLer uL-
LendIng u Lop IeveI busI-
ness scIooI. TIIs greuLIy
Increuses LIe RO oI LIe
overall education since
LIe cosL buse Is so mucI
Iower.
AnoLIer rouLe Is Lo Luke
a more general course of
sLudIes sucI us busIness
LIuL uIIows you more op-
LIons. TIere Is u good
cIunce LIuL your cIIIdren
do noL know wIuL LIeIr
Lrue cuIIIng In IIIe Is uL 1;
yeurs oId. RegurdIess oI
wIere LIeIr cureer Lukes
LIem, u soIId buckground
und undersLundIng oI LIe
busIness worId mukes
LIem vuIuubIe Lo empIoy-
ers In jusL ubouL every
secLor ouL LIere. MuLI, T,
economIcs, bIoIogy, engI-
neerIng, und murkeLIng
uII runk umong LIe Lop de-
grees wIen meusured by
expecLed RO Ior LIe sume
reusons. NoL surprIsIngIy
LIese ure quILe borIng und
prugmuLIc subjecLs on
LIeIr own, buL LIey Iuve
u IoL oI uppIIcuLIons wIIcI
ure und wIII IIkeIy remuIn
In demund. TIe worId Is
going to continue to get
more and more competi-
LIve, so wouId Lry Lo IeIp
Myanmar Summary
your cIIIdren undersLund
some oI LIese eIemenLs
oI wIuL wIII be one oI LIe
bIggesL und mosL crILIcuI
InvesLmenL decIsIons LIey
muke In LIeIr IIIe.
David Mayes MBA
provides wealth man-
agement services to ex-
patriates throughout
Southecst Asic, jocusin
on UK Pension Trans-
He suId Ie wus now Io-
cusing in particular on
LIe gup beLween LIe IuLesL
runge oI mId-sIzed wIde-
body pIunes, BoeIng`s ;8;
und AIrbus` Ao, und LIe
Lop oI LIeIr nurrowbody
runge oI ;;s und Azos.
We`ve LuIked ubouL LIIs
concepL oI LIe (BoeIng)
;q; und LIe (AIrbus) A6o
wIIcI wouId be u smuIIer
LwIn-uIsIe uIrcruIL LIuL
wouId Iuve cupubIIILIes
boLI In LIe sIorL IuuI und
as far out as transatlan-
LIc runge, LIuL wouId hII
In LIuL zoo Lo zo (seuL)
sIze, LIuL`s wIere LIere Is
u gup In LIe currenL IIne-
up, Udvur-Huzy suId In
u puneI dIscussIon uL LIe
conIerence.
He suId IuLer LIuL boLI
Boeing 737 fuselages are delivered by train to a Boeing manufacturing site in Renton, Washington.
J
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pIune mukers were IIs-
LenIng Lo IIs vIews, buL
cuuLIoned LIuL LIere were
no guurunLees LIuL LIey
wouId IoIIow IIs udvIce,
or udopL IIs numes Ior LIe
new pIunes.
TIey ure devoLIng IoLs
oI engIneers, IoLs oI peo-
pIe Lo LIese LIIngs, buL IL`s
noL In LIe pubIIc reuIm,
Ie suId.
TIese LIIngs ure LIe
nexL generuLIon. Muybe
nexL yeur we`II Iuve more
vIsIbIIILy on LIIngs.
Reuters
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~ ..: _.:e _e .~ .~~ .:
.._~:. .q._. .._~.
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March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
INVESTMENT & FINANCE
19
Myanmar Summary
Myanmar Summary
Willis Groups Eyes Myanmars
Insurance Industry
Opens representative of ce in Yangon
W
IIIIs Group HoId-
Ings PIc Ius opened u
represenLuLIve om ce
In Myunmur Lo cusI In on LIe
counLry`s growIng Insurunce
IndusLry, LIe BrILIsI gIobuI rIsk
udvIser, Insurunce und reInsur-
unce broker hrm suId.
TIe om ce In Yungon wIII sup-
porL WIIIIs` muILInuLIonuI und
AsIun cIIenL buse, und uIso pro-
vIde domesLIc busInesses und
LIe Insurunce IndusLry In My-
unmur wILI u poInL oI conLucL,
LIe hrm suId.
PoIILIcuI und economIc re-
Iorms In Myunmur Iuve recenL-
Iy IueIIed u rIse In demund Ior
rIsk servIces und producLs, pur-
LIcuIurIy In LIe InIrusLrucLure,
consLrucLIon, LrunsporLuLIon,
LeIecoms und energy secLors.
Adum Gurrurd, cIIeI execu-
LIve om cer, WIIIIs AsIu, suId:
We Iuve seen u growIng wuve
oI InLeresL In Myunmur und LIIs
Is un excILIng LIme Lo be open-
Ing our doors In Yungon. L Is u
IuscInuLIng counLry wILI deep
natural resources and a large
Phyu Thit Lwin
und youLIIuI popuIuLIon.
Myunmur`s Insurunce Indus-
Lry Is uL u reIuLIveIy eurIy sLuge
In ILs deveIopmenL, und we ure
proud Lo be LIe hrsL oI LIe Iurg-
er gIobuI brokers wILI un om ce
LIere.
He suId gIobuI experLIse und
experIence oI WIIIIs, wIIcI Is
LIe worId`s LIIrd-IurgesL Insur-
unce broker by revenue, wIII
IeIp In LIe deveIopmenL oI LIe
Insurunce IndusLry.
KIuIng Zur Aung, cIIeI rep-
resenLuLIve om cer, Myunmur,
suId: TIIs Is un unmIssubIe op-
porLunILy uL u LurnIng poInL In
Myunmur`s economIc IIsLory.
Our presence on LIe ground enu-
bIes us Lo IIuIse cIoseIy wILI IocuI
und gIobuI cIIenLs und Insurers
In Myunmur, und Lo sLrengLIen
und buIId reIuLIonsIIps.
KIuIng Zur Aung suId WIIIIs
Ius uIreudy deveIoped u sLrong
reIuLIonsIIp wILI Myunmu n-
surunce by udvIsIng und pIucIng
reInsurunce Ior ILs mujor rIsks.
TIe new om ce wIII IeIp us
buIId on sucI IInks. mpor-
LunLIy, WIIIIs wIII now be In u
posILIon Lo IeIp Myunmur`s In-
surunce IndusLry Lo uccess LIe
very IuLesL rIsk munugemenL In-
novuLIons und Lo deveIop besL
prucLIce.
WIIIIs Ius more LIun 18,ooo
empIoyees In over qoo om ces
uround LIe gIobe, wILI revenues
oI over $. bIIIIon.
Govt Pushes Private Banks for More Active Forex Business
T
Ie CenLruI Bunk oI
Myunmur (CBM)
Is encourugIng prI-
vuLe bunks Lo be more uc-
LIve In IoreIgn excIunge
busIness Lo deveIop LIe
counLry`s hnuncIuI mur-
keL, un om cIuI suId.
VIce Governor oI LIe
CBM Duw KIIn Suw Oo
LoId LIe purIIumenL LIuL
prIvuLe bunks, wIIcI Iuve
uuLIorIsed IoreIgn ex-
cIunge deuIers IIcences,
cun Iend IoreIgn currency
under Iuw Lo LIose resId-
Ing In LIe counLry.
Nwe Zin SIe encouruged LIe
prIvuLe bunks Lo Increuse
LIeIr IoreIgn excIunge
cupILuI, uccepL suvIngs
mude by deposILors und
borrow IoreIgn currency
Irom IocuI und IoreIgn h-
nuncIuI murkeLs.
SIe urged LIe prIvuLe
bunks Lo keep enougI
IoreIgn excIunge suvIng
uL LIeIr bunks Ior IendIng
to ensure development of
LIe hnuncIuI murkeL.
SIe dIscIosed LIuL ruIes
und reguIuLIons oI or-
eIgn ExcIunge uw wIII
uIso be reIeused soon Ior
bunkers Lo ubIde by.
Myunmur InLroduced
u munuged ouL In AprII
zo1z uILer decudes-Iong
application of complex
duuI excIunge ruLe.
To eIImInuLe IIIeguI Ior-
eIgn excIunge LrudIng, 1q
prIvuLe bunks Iuve been
grunLed us uuLIorIsed
deuIers Irom OcLober zo11
Lo JuIy zo1 Lo enubIe oI-
hcIuI Lrude oI LIree kInds
oI IoreIgn currencIes - US
doIIur, SIngupore doIIur
und LIe Euro - uL u ruLe
desIgnuLed In IIne wILI
duIIy excIunge ruLe Lruns-
ucLIng In LIe InLernuLIonuI
excIunge murkeL.
Willis Group Holdings Plc . _., .:
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March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
INVESTMENT & FINANCE
20
This Frontier Market May be The One to Watch
A
mid increased in-
terest in frontier
murkeLs, once-Iso-
lated and still impover-
IsIed Myunmur Is druw-
Ing InLeresL us IL pusIes
LIrougI reIorms und
ILs compunIes Lup IresI
opporLunILIes, buL LIe
puLI muy noL be enLIreIy
smooLI.
TIe New KId on LIe
bIock Ius LIe rIgIL sLu
Lo sIIne, ANZ suId In u
noLe, buL IL udded, L re-
muIns Lo be seen wIeLIer
sLrucLuruI reIorms wIII be
persIsLenLIy pursued or
LIe Iuck oI sLrong IeguI
and economic institutions
wIII puL u dumpener on ILs
growLI poLenLIuI.
WIIIe some needed
sLrucLuruI reIorms Iuve
proceeded rupIdIy over
LIe pusL Iew yeurs us LIe
economy opened up und
international sanctions
uguInsL LIe counLry`s
prevIous IursI mIIILury
regIme were gruduuIIy
Ioosened, more needs Lo
be done, ANZ suId us IL
InILIuLed coveruge oI LIe
economy.
TIe cIuIIenge Ior poII-
cymukers Is Lo dIversIIy
LIe revenue buse uwuy
Irom ILs over-dependence
on gas and natural re-
sources, ANZ suId.
Its also concerned
ubouL LIe bunkIng sec-
Lor. SLuLe-owned bunks
remuIn domInunL, wIIIe
eecLIve reguIuLIon und
supervIsIon Is IuckIng, IL
suId, noLIng Iuws grunL-
Ing LIe cenLruI bunk more
Independence Iuve been
deIuyed, IumperIng eI-
IorLs Lo deveIop eecLIve
moneLury poIIcy LooIs und
muInLuIn prIce sLubIIILy.
TIe prIvuLe secLor Is
sLeppIng InLo some oI LIe
sLrucLuruI breucIes. Yomu
SLruLegIc, u SIngupore-
listed conglomerate pre-
vIousIy IurgeIy Iocused on
properLy deveIopmenL In
LIe counLry, Is LrunsIorm-
ing itself into a conglom-
eruLe wILI IresI InILIuLIves
In ugrIcuILure, educuLIon
und coId-sLoruge busI-
nesses.
RecenLIy, Yomu un-
nounced plans to develop
Lwo prIvuLe InLernuLIonuI
scIooIs wILIIn ILs Yungon
properLIes, wIIIe uIso seL-
ting up a premium local
prIvuLe scIooI.
Iope IL wIII be LIe
hrsL oI muny becuuse
educuLIon Is u very Im-
Leslie Shaffer portant aspect in our na-
LIon buIIdIng und LIIs Ius
Iugged beIInd so budIy
over LIe IusL o yeurs,
Serge Pun, Yomu`s execu-
LIve cIuIrmun, LoId CNBC.
I you cun geL educuLIon
rIgIL, wILIIn u coupIe oI
generuLIons, LIInk we`II
be buck on Lop.
WIIIe ucknowIedgIng
IIs scIooIs wIII be uImed
uL weuILIIer Myunmur
und expuLrIuLes, Ie noLed
LIuL muny sLudenLs ure
uIreudy goIng overseus
Lo sLudy und Ie`s IopIng
LIese scIooIs wIII ruIse
LIe bur Ior IocuI educu-
LIon.
Yomu Is uIso LyIng up
wILI Jupunese compuny
Kokubu & Co Lo enLer LIe
cold storage and logistics
segmenL.
Muny oI our Iurm pro-
duce do noL reucI LIe
murkeL becuuse by LIe
LIme LIey reucI LIe mur-
keL, IL`s no good uny more,
IL`s perIsIubIe, Pun suId.
TIe moves compIemenL
Yomu`s ugreemenLs wILI
LIe nLernuLIonuI Inunce
CorporuLIon, wIIcI Is purL
oI LIe WorId Bunk Group,
for agriculture and logis-
LIcs deveIopmenL, us weII
as private sector deals in
LIe coee und duIry busI-
nesses, wIIcI wIII IncIude
suppIyIng UHT mIIk.
Pun doesn`L expecL LIe
upcoming elections next
yeur wIII deruII LIe coun-
Lry`s LrujecLory.
L`s u hgIL wILIIn LIe
progressive force over
wIo Is goIng Lo be presI-
denL, Pun suId. don`L
LIInk LIey wIII neguLIveIy
uecL LIe economIc poII-
cIes, LIe educuLIon poII-
cIes und muny oLIer poII-
cIes LIuL Iuve been puL In
pIuce.
ANZ, IIke Yomu, sees u
number oI opporLunILIes
In LIe counLry.
Myunmur Ius u sLru-
LegIc IocuLIon beLween
CIInu und ndIu us weII us
Iurge reserves oI oII, gus
und oLIer mIneruIs, ANZ
noLed.
MIIIIons oI IecLures
oI urubIe Iund uIong wILI
ubundunL wuLer provIde
Iuge ugrIcuILuruI poLen-
LIuI, suId ANZ, uddIng
LIuL LIe reIuLIveIy young
popuIuLIon, wILI u me-
dIun uge oI uround z;,
meuns IL Ius poLenLIuI us u
cenLre Ior Iow cosL Iubour-
InLensIve secLors.
BuL LIe posILIves remuIn
dImcuIL Ior InvesLors Lo
Lup. Yomu Is IIsLed on SIn-
gupore`s sLock excIunge,
buL vuIuuLIons muy Iuve
run oI LIe compuny`s
IundumenLuIs. CMB IusL
week upgruded IL Lo u
HoId, cILIng LIe sLock`s
recenL decIIne.
As muny us 1o Myunmur
compunIes ure IookIng
into listing on Singapores
excIunge, buL IL muy Luke
yeurs Ior LIose pIuns Lo
beur IruIL. PIuns Lo esLub-
IIsI u IocuI sLock excIunge
by zo1 uppeur Lo be be-
IInd scIeduIe, wIIIe LIe
currenL over-LIe-counLer
Myanmar Summary
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Yoma Strategic ~~:..
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. _._e.._.
excIunge Ius onIy Lwo
IIsLed hrms, wIIcI rureIy
Lrude. CNBC
A man cIimbs on a crane as he unIoads sh from a boat during the earIy morning at a whoIesaIe shing
market in Yangon. Amid increased interest in frontier markets, once-isolated and still impoverished
Myanmar is drawing interest as it pushes through reforms.
S
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March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
INVESTMENT & FINANCE
21
From page z... (Block Tender)
From page z... (Block Tender)
Thai Infrastructure Firm
Mulls Myanmar Move
Myanmar Summary
Myanmar Summary
Daisuke Lon
O
ne oI TIuIIund`s
IeudIng conLruc-
Lors und busIc In-
frastructure developers
CH KurncIung Is pIun-
nIng Lo muke Inrouds InLo
Myunmur`s InIrusLrucLure
deveIopmenL und power
plant construction sectors
In u bId Lo buIunce ILs In-
vestment portfolio in its
Iome counLry.
TIe compuny muy sLurL
InvesLIng In Myunmur In
zo1q or nexL yeur depend-
Ing on murkeL demund,
suId cIIeI execuLIve PIew
TrIvIsuvuveL, uccordIng Lo
TIuI medIu reporLs. TIe
hrm mude u sImIIur move
Lo uos ubouL 1o yeurs ugo.
Myunmur`s power sec-
Lor Ius been receIvIng
u sLeudy ow oI IoreIgn
InvesLmenLs sInce LIe
counLry opened up LIree
yeurs ugo, wILI AmerIcun,
SouLI Koreun und SIngu-
poreun power compunIes
IeudIng LIe wuy.
PIew suId Myunmur
und uos Ius beLLer po-
LenLIuI Ior busIness LIun
CumbodIu und VIeLnum.
More LIun Lwo-LIIrds oI
LIe compuny`s revenue
comes Irom uos, wIIIe
LIe resL comes Irom TIuI-
Iund.
usL yeur, CI KurncIung
eurned $z6.8; mIIIIon on
revenue oI $1.zq bIIIIon, oI
wIIcI $q88.z mIIIIon wus
Irom LIe consLrucLIon.
.. - . ~, .~, , ~
~:. ~._.. ~..:~ ~~ e _e .
~.~~.q...,..:.~,~.
~. . _e. ._ CH Karnchang
._ _., .:. -~._.. ~..:~
~~ ~_e _e .~ .~~ .q..
.:~ ~:.....~ , .:.~_ ..:~
. ~_.:.~ . . , ...: q ~
q,~~~ ...,._~:. .q
._.
e .~ . ~ ._ _., .:. ~
~~, . . . . .e ~ .:._ . .
~ ...~ ~ ~e . ~:.~..'. ~_
_q..._.....:.~ _....:.
e e q .,._~: . ~. ..: ~q:q
.._e.. Plew Trivisavavet
~ ._.:_~:..._.
Authorities Invite Foreign
Investments in Housing Sector
Phyu Thit Lwin
T
Ie consLrucLIon
mInIsLry Is pIunnIng
to invite foreign
InvesLors In Myunmur`s
IousIng secLor us LIe gov-
ernment struggles to fund
ILs umbILIous Iow-cosL
IousIng projecLs Lo pro-
vide accommodation for
LIe Iower Income bruckeL
oI Yungon`s popuIuLIon,
un om cIuI suId.
AbouL o percenL oI
Yangons residents are
IIvIng In sub-sLundurd
Iomes becuuse oI LIe
rIsIng popuIuLIon In LIe
cILy. We decIded Lo Luke
up Iow-cosL IousIng pro-
jecLs us u soIuLIon, Aye
Aye MyInL, dIrecLor uL LIe
DepurLmenL oI Humun
SeLLIemenL und Hous-
Ing DeveIopmenL (DH-
SHD) under LIe MInIsLry
oI ConsLrucLIon, LoId un
infrastructure summit in
Yungon.
SIe suId u LoLuI oI
6,ooo IousIng unILs
were buIIL beLween zoo
und zo1o In Yungon, buL
LIe demund Is over LIree
LImes LIe suppIy. Among
LIose, ubouL o percenL
were governmenL projecLs
und LIe resL were buIIL by
LIe prIvuLe secLor. So, IL
mukes sense Lo InvILe Ior-
eign companies to invest
In LIIs secLor.
As urbun mIgruLIon Is
on LIe rIse In Yungon, so
ure LIe IousIng needs. So,
we need Lo InvesL u IoL In
LIIs secLor, sIe suId, udd-
Ing LIuL LIe governmenL Is
currenLIy workIng on ILs
IousIng hnuncIng mecI-
unIsm und IeguI Irume-
work.
TIe DHSHD und Yun-
gon CILy DeveIopmenL
CommILLee (YCDC) ure
pIunnIng Lo IuuncI seven
Iow-cosL IousIng projecLs
wILI 11,868 unILs, seven
uordubIe IousIng pro-
jecLs wILI z6,1qz unILs
und ; projecLs under
PubIIc-PrIvuLe-PurLner-
sIIps, LIe dIrecLor suId.
Duewoo wIII hnIsI drIII-
Ing und InsLuIIIng pro-
ducLIon IucIIILIes Ior LIe
SIwe gus heId und sLurL
exLrucLIng gus LIrougI
LIe hrsL oI 11 producLIon
weIIs. TIe remuInIng 1o
weIIs wIII LIen begIn drIII-
Ing so LIuL LIe currenL
duIIy producLIon oI zoo
mIIIIon cubIc IeeL (MMcI)
Increuses Lo oo MMcI,
Posco suId In u Junuury 16
sLuLemenL.
MeunwIIIe, uppruIsuI
work Is underwuy uL PT-
TEP`s M ProjecL In LIe
GuII oI MurLubun. TIe
hrm Is currenLIy conducL-
Ing IurLIer sLudIes Lo us-
sess LIe commercIuIILy oI
LIe projecL uILer hndIng
gas and condensate in
Iour uppruIsuI weIIs IusL
yeur. L pIuns Lo drIII 8 ud-
dILIonuI uppruIsuI weIIs uL
LIe Aung SInkIu heId be-
gInnIng In LIe LIIrd quur-
Ler oI zo1q.
Myunmur uIso presenLs
an attractive upstream
growLI opporLunILy Ior
WoodsIde, wIIcI Ius u o
percent operating interest
und u qo percenL non-op-
eruLIng sLuke In BIock A-6
und BIock AD-; In LIe Ru-
kIIne BusIn, respecLIveIy.
WoodsIde, wIIIe wuILIng
Ior resuILs oI ILs joInL-bId
wILI BG Group pIc Ior z
bIocks In LIe OsIore BId-
dIng Round zo1, pIuns Lo
compIeLe processIng LIe
duLu oI u 68q squure mIIe
(1,;86 squure kIIomeLer)
Puduuk D seIsmIc survey
In BIock A-6 und drIII un
expIoruLIon weII In AD-;
beIore LIe end oI MurcI.
I you recuII IIsLorI-
cuIIy we`ve been sIow InLo
new pIuys . so one oI LIe
reusons we`ve gone Lo u
more gIobuI vIew oI our
expIoruLIon Is LIuL we`re
LryIng Lo muke sure we
geL InLo pIuys uL LIe rIgIL
LIme, uL LIe rIgIL prIce.
And LIuL`s wIuL Myunmur
Is, WoodsIde CEO PeLer
CoIemun suId In u ebru-
ury 1q LeIeconIerence wILI
unuIysLs und InvesLors.
Ike WoodsIde, ROC OII
Co Ld Is unoLIer AusLruI-
Iu-bused peLroIeum ex-
ploration and production
hrm druwn Lo poLenLIuI
growLI opporLunILIes oI-
Iered by Myunmur`s up-
sLreum secLor, boLI on-
sIore und osIore. TIe
compuny wus prequuII-
hed by Myunmur`s energy
mInIsLry Ior LIe osIore
Lender und IL subsequenL-
Iy submILLed bIds Ior Lwo
sIuIIow wuLer bIocks
In LIe currenL IIcensIng
round.
EnLry InLo Myunmur
remuIns uIIgned wILI
ROC`s wIder sLruLegIc
objecLIve Lo IdenLIIy und
secure muLerIuI expIoru-
LIon, uppruIsuI und heId
re-deveIopmenL opporLu-
nILIes In esLubIIsIed pe-
troleum provinces across
SouLIeusL AsIu, LIe com-
puny suId Junuury zq In
ILs IourLI quurLer zo1
ucLIvILy reporL.
BesIdes osIore bIocks,
ROC OII Is uIso ucLIveIy
pursuIng Iurm-In op-
porLunILIes Ior onsIore
petroleum acreage in
Myunmur neur exIsLIng
InIrusLrucLure.
WIIIe IndusLry`s InLer-
esL In Myunmur`s O-
sIore BIock BIddIng
Round zo1 couId be due
Lo LIe number oI bIocks
beIng oered us weII us
participation from several
OCs, LIe Lender, wIen IL
Is hnuIIy uwurded, couId
murk u new cIupLer In
LIe counLry`s upsLreum
secLor. ToLuI muy soon
be joIned by oLIer mujor
OCs operuLIng In Myun-
mur peLroIeum IndusLry.
Rigzone
..:~ . . .q.~, _~ ._:,._
_.,.:.- ~.q:~.,.~_
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q.~.q.~:~:q....~
~ . ~ .:.._ ._ ._., .:.
~ . . , ...: q ~ q, ~
. _.:.._.
March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
INVESTMENT & FINANCE
22
Myanmar Summary
AccordIng Lo LIe mInIsLer Ior eIecLrIc power U KIIn
Muung Soe, wIo submILLed LIe proposuI Lo LIe purIIu-
menL, 6 percenL oI IouseIoIds do noL use more LIun
1oo unILs per monLI wIIIe q percenL oI busInesses use
Iess LIun oo unILs. He suId users uL LIIs bruckeL wIII
essenLIuIIy puy LIe sume prIce, mInImIsIng LIe ImpucL
oI LIe rIse.
He LoId LIe purIIumenL LIuL due Lo LIe hnuncIuI dII-
hcuILIes LIe mInIsLry Ius IuIIed Lo meeL LIe power de-
mund. DIscIosIng LIuL Myunmur`s unnuuI power con-
sumpLIon Iud Increused by 1 percenL, Ie urged prIvuLe
compunIes Lo InvesL In LIe secLor Lo IeIp generuLe more
power In LIe sIorL Lerm.
TIe mInIsLer suId LIe governmenL wIII Iuve Lo spend
K1z bIIIIon ($1z.; mIIIIon) under u new power generu-
LIon scIeme, und LIe counLry wIII need z,oo megu-
wuLLs (MW) oI eIecLrIcILy In LIe comIng summer uguInsL
u muxImum suppIy oI 1,6MW.
TIe exIsLIng prIces, wIIcI ure Lwo LImes LIuL In zoo6,
Iuve been In uppIIcuLIon sInce Junuury zo1z.
From page ...(Llectricity)
From page ...(Llectricity)
EU-Funded SMART Myanmar Sends
Top-Level Myanmar Delegation to Germany
T
weIve deIeguLes
Irom Myunmur
government min-
IsLrIes, ussocIuLIons und
busIness wenL o Lo Ger-
muny on LIe IusL week oI
MurcI Ior u sLudy mIssIon
on promoLIng susLuInubII-
ILy und IncreusIng pro-
ducLIvILy umong LIe smuII
and medium enterprises
(SMEs) In LIe gurmenLs
IndusLry.
TIe InILIuLIve Is purL
oI SMART Myunmur, u
projecL Iunded by LIe
Europeun UnIon (EU) Lo
promoLe LIe susLuInubIe
production of garments
mude by SMEs In Myun-
mur, und ImpIemenLed
by LIe ConIederuLIon oI
LIe Germun TexLIIe und
usIIon ndusLry, projecL
purLner.
EU Ambussudor Lo My-
unmur RoIund KobIu suId:
We ure Iuppy Lo see LIuL
EU projecLs ure buIIdIng
cupucILy und supporLIng
stronger economic and
Lrude reIuLIonsIIps be-
Lween Myunmur und LIe
Nwe Zin
EU.
ResponsIbIe InvesL-
menL prucLIces ure key Lo
ensure LIuL LIIs combInu-
tion turns into a lasting
success Ior busInesses,
buL uIso Ior LIe poorer
und LIe murgInuIIsed.
um sure LIuL LIIs mIssIon
wIII be u good source oI
InspIruLIon Ior Myunmur
companies and institu-
LIons.
KIIne KIIne Nwe oI
Myunmur GurmenLs
MunuIucLurers AssocIu-
LIon (MGMA) suId: TIe
sLudy mIssIon Is LImeIy
as consumer demand for
more socIuIIy und envI-
ronmenLuIIy susLuInubIe
producLs Is IncreusIng, es-
pecIuIIy umong deveIoped
murkeLs sucI us LIe EU.
SIe suId LIe growIng
Lrend Is purLIcuIurIy up-
purenL In LIe consumer
goods IndusLry, In wIIcI
LIe gurmenL IndusLry con-
LrIbuLes sIgnIhcunLIy.
TIe Issue oI susLuIn-
ubIIILy Is LIus guInIng
prIorILy In LIe deveIop-
menL oI poIIcIes, us weII
us busIness sLruLegIes, Ior
boLI pubIIc und prIvuLe
secLors.
JuIIune ScIroeder, con-
sultant at Confederation
oI LIe Germun TexLIIe
und usIIon ndusLry,
suId: BeIng LIe orgun-
Izer oI LIIs sLudy mIssIon
Lo Germuny, we ure very
Iuppy Lo sIure wILI LIe
deIeguLes besL prucLIces
oI LIe ImpIemenLuLIon oI
socIuI responsIbIIILy und
environmental sustain-
ubIIILy In LIe pubIIc und
prIvuLe secLor In Germuny
und Europe. As purLner
Lo LIe projecL, we beIIeve
LIuL Iong- IusLIng reIu-
LIonsIIps wILI responsI-
bIe busIness purLners wIII
Iuve posILIve eecLs Ior
boLI sIdes.
SImone eImunn, pro-
jecL munuger oI Sequu,
suId LIrougI LIe LIree-
yeur SMART Myunmur
projecL, LIe EU, uIong
wILI ILs purLners, uIm
Lo IeIp Myunmur`s gur-
menLs IndusLry enLer LIe
Europeun murkeLs.
SMART Myunmur Lur-
geLs Lo sIowcuse LIe besL
susLuInubIe consumpLIon
und producLIon (SCP)
prucLIces oI 1o Lo 1 My-
anmar garments manu-
facturers in Europe in
zo1.
SMART, or SMEs Ior
EnvIronmenLuI, AccounL-
ubIIILy, ResponsIbII-
ILy und Trunspurency,
Is purL oI LIe EU SwILcI
AsIu Progrum desIgned Lo
promoLe LIe udopLIon oI
SusLuInubIe ConsumpLIon
und ProducLIon (SCP)
among Small and Medi-
um sIzed EnLerprIses und
consumer groups In AsIu.
TIe EU-Iunded projecL
wIII run unLII December
zo1, und prImurIIy Ios-
Lers Lo Increuse LIe com-
petitiveness of SMEs in
Myunmur, especIuIIy In
LIe GurmenL SecLor, by
promoLIng susLuInubIe
production of garments
mude In Myunmur.
....,..:.~:.~._..~:~.._ . ._e~ .~ ._~: _._ . .:.~
.,_e ., ~ .. _.. .:._.. . . _. ._._ ~...e:.:.~._.~..
q._..~.~.~.:.~~....:.~. . ~_ .~~ ~ .: . .
.:..,._~: . ...._~._.
...:._. q,~,_..~:.....:~~:..:~.....q.
~~e. e.~. ....,..:.~:. ~._...: .. .. .:~ ~:.
~...~,~.q~ .:._.~~.:.~ ~:...q,~~~_e.
._~:. ._.:_~:..._.
~._...:~:..~q~..:..:.~~~.....:~~:.
.... , ..:.. :~~~e ,. ~ . .. . ~ ~._.: .~. .q . ~. e ,.
~ _ ., .:~ . . ,~ . .:_ e. _ . .~~~e ,. ~~ ~. ._..
~.,_e ~. e ,. . _., .: ~.. ~ ~.~:~..:..__e.
~: e. ~ ~~~ e ,. ~~ ~. ._. .....,..: _.,.:~..
, ~. .:_e.._~:. .q._.
F
ile
s
_.,.:. ~..q~,_~._:,
~e~._..:.....:..q...
,..:.. ~e.:..e ~ .
~ ._ . , . ._ ~.~ ~
:., . . ~ . :. :.. _~_. .
~_ ~. . . . , .~ ~...
.:.. ~.~.:...,..:.-
.qq _ ~_ ~ e _e .. . ~ . .
. .:.~ .~~ .:. ~ ~:. .. .:
q, ~~~_e.._~:. .q._.
e. .q.. ._ ~ .e . .:~ .
. _.:.._ SMARTMyanmar
.,q.-~,...:q~.~
~.~..:._e._.. _.,.:.
~ ~....:.. ~.~ .:.. .
, ..:.. .qq _ ~_ ~ ..:
~_ ~. . ~ . . . .:.~
~ ._. ..: q ~ .:. q, ~~ ~
_e. ._ .~.e....:..q..~.
. .:.~ ._e..: .... _. . .~ .
.q.~._.~.,.~:.~.q.~
_., ._ .:._...~,~
~ , . e . .._~,q..:~,
. e . .:.~ _., ._ . _....
.._.
March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
PROPERTY & REAL ESTATE
23
Myanmar Summary
Contd. P 24...(Yoma)
Yoma Seeks Value Boost with Over
$50m in Premium Education Facilities
Y
omu SLruLegIc HoIdIngs
(YSH) Ld Is pIunnIng Lo
develop premium edu-
cational facilities close to its
currenL deveIopmenL projecLs
In u bId Lo enIunce LIe esLuLes`
vuIue prospecLs, LIe SIngupore-
IIsLed congIomeruLe suId.
TIe compuny wIII buIId one
InLernuLIonuI scIooI In TIun-
IyIn LownsIIp In ureus udjucenL
Lo LIe group`s SLur CILy deveIop-
menL ureu, und u premIum eurIy
yeurs cenLre wILIIn ILs Pun HIu-
Ing GoII EsLuLe (PHGE) resI-
denLIuI deveIopmenL In HIuIng
TIuryur LownsIIp In Yungon, IL
unnounced.
Yomu suId IL Ius reucIed
ugreemenLs wILI TIunIyIn Es-
LuLe DeveIopmenL Ld (TED),
u compuny In wIIcI LIe group
IoIds u ;o percenL economIc
InLeresL, Lo open LIe scIooI In
TIunIyIn by AugusL zo1.
TIe projecL wIII be underLuken
by Yomu SLruLegIc und Educu-
LIon ndex MunugemenL (EM),
overseen by UK-bused DuIwIcI
CoIIege nLernuLIonuI wILI DuI-
wIcI CoIIege In ondon us edu-
cuLIonuI udvIser. Yomu suId IL Is
uIso In LuIks wILI u IocuI educu-
tion group to operate a private
IocuI scIooI In TIunIyIn ureu.
TIe compuny suId LIe In-
ux oI expuLrIuLe IumIIIes InLo
LIe counLry und LIe IncreusIng
demund oI Myunmur cILIzens
seekIng prIvuLe educuLIon op-
LIons Ior LIeIr cIIIdren ure ex-
pecLed Lo drIve demund growLI
Ior IIgI-quuIILy InLernuLIonuI
educuLIon wIIIe suppIy Is cur-
renLIy IImILed.
OuL oI un esLImuLed 8. mII-
IIon scIooI-uge cIIIdren In My-
unmur, onIy ,zoo sLudenLs ure
Pann Nu enroIIed In hve premIum InLer-
nuLIonuI scIooIs, uccordIng Lo u
reporL by IocuI murkeL reseurcI
hrm TIuru SwIss.
UK Ambussudor Lo Myunmur
Andrew PuLrIck, suId BrILIsI
educuLIon Is recognIsed worId-
wIde us represenLIng LIe very
IIgIesL sLundurds; LIuL Is wIy
um deIIgILed LIuL one oI LIe
UK`s mosL respecLed scIooI
groups wIII be supporLIng LIe
deveIopmenL.
TIe InLernuLIonuI scIooI Is
expecLed be u IuII-servIce In-
LernuLIonuI scIooI cuLerIng Ior
uges z Lo 18. TIe group wIII de-
veIop LIe scIooI buIIdIngs und
IucIIILIes wIIcI wIII be Ieused
Lo LIe scIooI. TIese buIIdIngs
und IucIIILIes wIII IncIude mod-
ern sLuLe oI LIe urL cIussrooms,
u perIormIng urL cenLre, swIm-
mIng pooI, gymnusIums und
sporLIng grounds, Yomu suId.
TIe prIvuLe IocuI scIooI uIms
Lo IuuncI u Myunmur scIooI de-
IIverIng LIe Myunmur NuLIonuI
CurrIcuIum under LIe PrIvuLe
ScIooI RegIsLruLIon uw zo11,
wILI modern LeucIIng meLIods
and additional educational and
exLru-currIcuIur conLenL, Yomu
suId. TIe group wIII deveIop LIe
scIooI buIIdIngs und IucIIILIes
wIIcI wIII be Ieused Lo LIe IocuI
scIooI.
TIe proposed sILes Ior LIe In-
LernuLIonuI und IocuI scIooIs
ure noL purL oI LIe exIsLIng Iund
deveIopmenL rIgILs In LIe SLur
CILy ProjecL IeId by TED und
ure InsLeud owned by LIe Serge
Pun & AssocIuLes (Myunmur)
Ld (SPA), Yomu suId. SPA
Group wIII InjecL LIe Iund de-
veIopmenL rIgILs In LIese ureus
us ILs conLrIbuLIon Lo LIe joInL
deveIopmenL.
TIe LoLuI deveIopmenL cosL
Ior LIe InLernuLIonuI scIooI,
excIudIng cosL oI LIe Iund de-
veIopmenL rIgILs, Is esLImuLed
Lo be upproxImuLeIy $qo mII-
IIon, wIIIe LIe cosL Ior LIe IocuI
scIooI Is esLImuLed uL $1z mII-
IIon, Yomu suId.
Andrew RIckurds, CEO oI
Yomu SLruLegIc, udded, We
beIIeve LIuL LIe provIsIon oI
u IIgI-quuIILy InLernuLIonuI
scIooI und u Lop IocuI scIooI
wIII meeL LIe educuLIonuI needs
oI SLur CILy resIdenLs und LIere-
by sLrongIy enIunce LIe vuIue oI
LIe SLur CILy deveIopmenL.
TIe group wIII Iuve u ;o per-
cenL InLeresL In LIe deveIop-
menL oI LIe InLernuLIonuI scIooI
und LIe IocuI scIooI.
TIe compuny suId IL Ius uIso
formalised plans to develop
premium educational facilities
wILIIn ILs Pun HIuIng GoII Es-
LuLe (PHGE).
L suId IL Ius enLered InLo u
deuI wILI BrILIsI educuLIon
group Hurrow nLernuLIonuI
MunugemenL ServIces (HMS)
Lo munuge un EurIy Yeurs Cen-
Lre on u Iour-ucre sILe In PHGE.
TIere ure exIsLIng scIooI IucIII-
LIes on LIe Iund wIIcI wIII be
used Ior LIe EurIy Yeurs CenLre.
PuLrIck suId LIe purLnersIIp
wIII provIde jobs und LruInIng
Ior LIe IocuI communILy.
TIe presence oI un InLernu-
LIonuI scIooI und LIe provIsIon
oI IIgI quuIILy educuLIon wIII be
oI greuL benehL Lo LIe resIdenLs
In LIe IocuI communILy IncIud-
Ing LIe resIdenLs In PHGE,
RIckurds udded.
Yoma Strategic Holdings (YSH)
Ltd ._ .~q.e:..:.,..:
. . ~ , ..:.-~, .~ ._:.q.. ..
q:~ .~, ..: . .:..... q, ~~ ~
. . .,_. . ~ . e:.:.-~, e .~ ~ .~~
.:..q, ~~ ~ _e. ._~: . , ..~ . ~
. ._.:_~:..._.
, ..~ . ~ ._ . . _. ,e q _~e.
~.q:..~,..~..~~ ~_._
_._ . q: .:. .~: .~. . ~ ~_
.: . :.._ _e. _. . q, ~ , _. . .:
e:_.,eq .,...|~~.~.q:
~ ._ . ~.:.~ ..: q ~ . :.._
_e. ._~: ., ... ~ _., ._~_:. ._ .
Thanlyin Estate Development
Ltd (TED). ., . _~~ _. ~ .
~ .:..~:.~..~:. e..
. :.. q, ~~ ~ . . , ...:~ _
.~.:.~ qq:._.._e.._~:.._.
.q._.
..~,.~:. Yoma Strategic .
Education Index Management
(EIM) ~. ....:.:..__e._..
_-~,~._..~ Dulwich College
International . .,.,q Dulwich
College .~~ ._:.q....q:
~_~...~_e. _~._~.....:.:.
.__e.._~:. .q._.
.,._.,e~~. ..~_._
~ ..:. .~: .~. . ~ ~_ .:
Star City Development project in Thanlyin, Yangon, where Yoma's international and local schools will be built.
P
h
y
u

T
h
it

L
w
in
March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
24
Myanmar Summary
PROPERTY & REAL ESTATE
T
Ie Myunmur govern-
menL wIII noL uIIow LIe
consLrucLIon oI uny new
IoLeIs In Bugun In MunduIuy
regIon.
TIe governmenL wIII sLop uII
new deveIopmenL In LIe uncIenL
cILy us IL moves Iorwurd wILI
pIuns Lo IIsL LIe uncIenL cILy us
u UNESCO WorId HerILuge sILe,
uccordIng Lo u DPA news ugen-
cy reporL.
Work on exIsLIng projecLs
Iowever, wIII be uIIowed Lo con-
LInue.
We wIII noL uIIow new Io-
LeI consLrucLIons LIere, Soe
TIeIn, mInIsLer Ior LIe presI-
denL`s omce, wus quoLed suy-
Ing. We musL keep Bugun us un
uncIenL cILy, buL we cun`L cunceI
LIe IoLeI deuIs LIuL LIe Iormer
governmenL uIIowed.
TIere ure currenLIy 1; Io-
tels under construction in four
zones udjucenL Lo LempIe cILy,
buL none ure sILuuLed In LIe sILe
ILseII.
Over LIe pusL Lwo decudes,
severuI IoLeIs und oLIer buIId-
Ings were grunLed permIssIon
Lo be consLrucLed In LIe IeurL
Kyaw Min oI uncIenL Bugun, sucI us LIe
Aureum PuIuce HoLeI und LIe
61-meLre RoyuI WuLcILower.
TIe KIngdom oI Bugun exIsLed
Irom LIe qLI Lo LIe 1LI cenLu-
rIes und wus once Iome Lo more
LIun 1o,ooo LempIes. AL IeusL
z,zoo oI LIese survIve Loduy,
uILIougI poor resLoruLIon LecI-
nIques Iuve prevIousIy been cIL-
ed us u reuson wIy Bugun Is noL
uIreudy on LIe UNESCO IIsL. L
Is one oI Myunmur`s mosL pop-
uIur LourIsL uLLrucLIons, druwIng
un esLImuLed qoo,oooLourIsLs
IusL yeur.
Any new nomInuLIon process
Is IIkeIy Lo Luke severuI yeurs Lo
compIeLe.
Myunmur hrsL proposed
Bugun us u UNESCO WorId
HerILuge SILe In LIemId-1qqos,
wIen LIe counLry wus sLIII un-
der mIIILury ruIe, buL wILIdrew
LIe nomInuLIon uILer LIe UN
ugency requesLed more deLuIIs
on preservation and manage-
menL pIuns.
Myanmar Halts Bagan Hotel Construction
Govt aims to inscribe ancient city on UNESCO World Heritage list
Myanmar Summary
Schmidt-Curley Breaks Ground on First Myanmar Project
From left to right: Kyi Hla Han, Lee Schmidt and U Aung Win Khiang.
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nternational golf course ar-
cIILecLure und musLer-pIun-
nIng hrm ScImIdL-CurIey
DesIgn Ius broken ground on
ILs hrsL projecL In Myunmur.
TIe MunduIuy MyoLIu GoII
CIub wIII be buIIL souLIwesL oI
MunduIuy und wIII IncIude un
8,ooo-yurd, pur-;z cIumpIon-
sIIp goII course, u IuII servIce
drIvIng runge und new goII
ucudemy, uccordIng Lo u GoII
Course ArcIILecLure reporL.
Shein Thu Aung uII consLrucLIon wIII begIn In
mId-zo1q und LIe course Is seL
Lo be open Ior pIuy In IuLe zo1.
An InnovuLIve desIgn wIII
Luke IuII udvunLuge oI LIe sILe`s
drumuLIc LerruIn, wILI goII
IoIes pIuyIng uIong deep rIver
cunyons und IuIrwuys rouLed
LIrougI uvusL roIIIng Iund-
scupe, ee ScImIdL, prIncIpuI
uL ScImIdL-CurIey DesIgn, wus
quoLed us suyIng.
ArcIILecLs uL ScImIdL-CurIey
Iuve desIgned LIe IuyouL oI LIe
new course wILI LIe InpuL oI KyI
_.,.:~..q._ .....~....
_~ .q . .q..e: ._. ~ e ~e ~..
.:. ..:~...~ ._.....:...
._.e~._~:. .q._.
~..q~.,_e .q..e:....~
_. .~: _e. ..: . ~ e ~e .. .:.
..:~...~ ~:._...:..__e._..
.~:. e,~.~ ~.:...~e
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.e: ._. ~. . ~_e. ~. ~. ~ _.q,
~~~_e.._~:. .q._.
e..~q..:q~.~q..:..
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.... :.._ _e. ._~: . . q._ ... ~
,.~,_~. ....,.~ .~ e~e
....:~....:.~ ._..:.._
.e ~ ._~: . . _. ~:. .q .e: ._.
~. . ~_e. , .. . .. :.q._ _e. ._~: .
. e. ~. .q. . _..... ..: e ~e
..:~ . . . ..:~ _ .:.~ . .e~
....._~:. ._.:_~:..._.
e..~q~ ._..e:.. ~.
.~ q ~ , .... ~ e ~e ..|. ~ ..
~ ..:~ . . .~ q ._~: . . q._ .
.,...:.e... ....~:~~.
AureumPalace Hotel . Royal
Watchtower ~~. e~e.:..
~_.:.~..:~ ~~ .:.~:. .q ..e: .
. _. .~: ~ ~_ ..:~ . ....
._~:. .q._.
HIu Hun, u Iormer proIessIonuI
goIIer und currenLIy execuLIve
cIuIrmun oI LIe AsIun Tour.
As LIe IuyouL Is seL Lo pIuy
IosL Lo InLernuLIonuI evenLs, KyI
HIu wIII provIde vuIuubIe InpuL
on LIe course desIgn Lo IeIp
produce u sLern LesL Ior Loduy`s
besL pIuyers, suId ScImIdL, wIo
wIII Luke up LIe roIe oI presIdenL
oI LIe AmerIcun SocIeLy oI GoII
Course ArcIILecLs In Muy.
HuvIng spenL z yeurs pIuy-
Ing vurIous Tours uround LIe
worId und Iundreds oI courses,
`m ubIe Lo oer un InsIgIL Irom
LIe perspecLIve oI u proIessIon-
uI goIIer, suId KyI HIu Hun.
ScImIdL-CurIey Ius done some
wonderIuI work In AsIu und `m
sure LIIs projecL wIII runk rIgIL
up LIere wILI LIe besL.
From page z...
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Curley Design . ~_~.~~_e..
Lee Schmidt ~ ._.:_~:..._.
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e..~q~ Asian Tour - ~.
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Temples are seen at the ancient city of Bagan in Mandalay region, Myanmar. Bagan, which stood as an ancient capital from
11th to 13th centuries and Buddhist center with about 10,000 pagodas and religious structures spreading more than 80
square-kilometers, now remains with over 2,000 ruins.
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March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
AUTOMOBILE
25
Myanmar Summary
Myanmar Summary
Auto Traders Demand Stable Govt Policy
U
nsLubIe cur prIces In
Myunmur`s uuLomobIIe
murkeL ure cuused by LIe
governmenL`s unsLeudy poIIcy,
uuLo Lruders uIIeged, demund-
Ing LIuL LIe IndusLry sIouId
come under u hxed Irumework.
GovernmenL`s procedures
vury uII LIe LIme. We operuLe
busIness under u sIIILIng poI-
Icy, und LIIs cuuses cur prIces
Lo go up und down IrequenLIy,
suId U Kyuw TIIIu, munugIng
director of Super Seven Stars
(SSS), wIIcI Is LIe uuLIorIsed
deuIer oI SouLI Koreu`s KIu Mo-
tors and SsanngYong Motor
Compuny.
I we Iuve u hxed uuLomobIIe
poIIcy, IL wIII be convenIenL Ior
us Lo do busIness. OLIerwIse,
we Iuce u IoL oI dImcuILy, Kyuw
TIIIu suId.
CurrenL uuLomobIIe prIces ure
sLIII ouL oI reucI Ior LIe mId-
dIe cIuss In Myunmur und IL Is
necessury Lo reduce LIe prIces,
U MyInL TIeIn, un uuLIomobIIe
deuIer uL MIn Ye Kyuw Swur uu-
LomobIIe deuIIng sLuLIon, suId.
TIe C (CosL, nsurunce und
reIgIL) Is very IIgI, so every
person cunnoL purcIuse curs.
TIe C ruLe vurIes uII LIe LIme,
so do LIe cur prIces wILI IL, Ie
suId.
I LIe governmenL wouId IIke
everyone Lo buy u cur, IL sIouId
reduce Lux ruLes more.
TIe veIIcIe ImporL reguIuLIon
In Myunmur Ius been reIuxed
uILer LIe eIecLIon durIng zo1o-
11 by mukIng eusIer LIe ImporL
oI commercIuI veIIcIes; Lrucks
over LIree Lonnes und buses
over 1 seuLs. However, mujor
IIILs sLurLed Irom SepLember
zo11 wIen LIe breukLIrougI
ruIe ImpIemenLed - LIe OId cur
Phyu Thit Lwin subsLILuLIon progrum - uIIow-
Ing LIe uppIIcuLIon Ior cur Im-
porL permILs Lo subsLILuLe oIder
curs (InILIuIIy LIose zo-qo yeurs
oId) Ior newer modeIs (LIose
munuIucLured uILer 1qq).
TIe cIunges In ImporL reguIu-
LIon resuILed In LIe number oI
LoLuI veIIcIe regIsLruLIon Irom
uround z mIIIIon unILs (beIore
zo1o) Lo .8 mIIIIon unILs up
Lo JuIy zo1, uccordIng Lo LIe
Roud TrunsporLuLIon AdmIn-
IsLruLIon DepurLmenL (RTAD).
However, wILIIn LIe Iour
wIeeIers popuIuLIon, uII oI LIe
veIIcIes ure sLIII used ones Im-
porLed mosLIy Irom Jupun.
n zo1, LIe uuLomoLIve pro-
ducLIon IndusLry cIunged sIg-
nIhcunLIy sInce muny gIobuI
pIuyers IoreseeIng IIgIer de-
munds oI pussenger curs Iuve
Ioruyed InLo LIe SouLIeusL
AsIun counLry wILI sIowrooms
and plans of manufacturing
sILes.
Jupun`s NIssun MoLor Co suId
In SepLember IusL yeur LIuL IL Is
purLnerIng wILI Tun CIong Mo-
Lors Lo buIId LIe IurgesL uuLo-
mobIIe ussembIy pIunL In Bugo
regIon wILI u cupucILy Lo ussem-
bIe more LIun 1o,ooo veIIcIes
u yeur. TTAS, u joInL venLure
beLween ToyoLu TsusIo Corp
und IocuI Aye und Sons opened
its second service center in
mId-zo1 In Yungon. MILsubI-
sII opened ILs hrsL sIowroom In
Muy zo1, wIIIe AmerIcun cur
gIunL ord MoLor Co purLnered
wILI RMA Group und CupILuI
DIumond SLur group Lo open u
new sIow room In OcLober.
AnoLIer US gIunL GeneruI
MoLors purLnered wILI PucIhc
AIpIne PLe Ld, un exIsLIng ex-
cIusIve deuIer oI CIevroIeL und
OpeI In SIngupore, und IocuI
PucIhc-AA MoLor Ld In mId-
zo1 Ior LIe dIsLrIbuLIon, suIes,
und servIce oI CIevroIeL veII-
cIes In Myunmur. Germun gI-
unL BMW suId IusL yeur IL wIII
open u sIowroom In Myunmur,
wIIIe VoIkswugen opened ILs
hrsL servIce cenLre In Yungon In
OcLober LIrougI u purLnersIIp
wILI Yomu SLruLegIc HoIdIngs.
uxury brund Mercedes Benz
uIso opened ILs sIowroom In
November.
More curmukers Irom CIInu,
ndIu und SouLI Koreu ure uIso
eyeIng enLry InLo LIe murkeL,
Iowever, LIe governmenL Is yeL
Lo come up wILI u hxed sLruLegy
Lo reguIuLe LIe boomIng Indus-
Lry.
Myunmur`s uuLo murkeL wIII
grow uL u compounded unnuuI
ruLe oI ;.8 percenL Irom zo1
Lo zo1q drIven by u growIng
economy, InIrusLrucLure deveI-
opmenL und IncreusIng Income,
AmerIcun consuILIng hrm rosL
& SuIIIvun suId In u reporL IusL
yeur. TIe uuLo suIes wIII reucI
q,oo unILs In zo1q due Lo
greuLer InLegruLIon wILI LIe resL
oI LIe ASEAN, LIe reporL suId.
_.,.:.-~:....~~.: ~~
~. .~_.,..:._. ....,.
~~~~~.: ~..q- .~|...~.
.:.~..' .~_.,._e ~__.
._.~|..:._e.: ..~.._
e ~:.~e.q:..:.~ .._.
~..qq.~|..~~ ._... ~_.
~. .._.:..,~e .. .. :..q...:.~.~:
. . ~|.~ . ~ _. . ~. . . . q. :. .. ~|.
_ . . :.. . . q~ q~: ~. ._..e .
.e ~ q .~: ~. . . . q~:.~ ~e ''
e SSS ~.~~..~ ..|...~:.
~.~.|,~~: ..~:.e~ ._.:
._.
.~ q ~:....~ ~ . : ~:.. .. ._
.~,..:..:.~ ~ee_.._e.._e
.,:~ . . ~, ..:.~. q. ~:.. qq
.q.~~~ ....,..:. ....:.
q, .~..~q._.
. ~ .~:... .. ~ ~._.~.,q .,
...~:~ CIF .~ ~q.._..,~
~~~._~:.|. ~:....~~~~~
~ CIF .~.~:.~.,.~..'.:
.~:~ .,~ ~. , . , . :. ~..'
. ~_ .,.~: _._ . .~ ~ ~:.~..
. .... ~ .. q q ~. .q~.,, ~. ,
..:...e..|~e''e ..q.~:.:
e: .q: .~e .q..., .. ._. . , .~
.._.
~~ .... .~_ _._~.~:.
...~ ~ . .q:. ~ ~:... .:..
~ q.e:. ~ ~:... .:. ~_. ~.
~.q:~.:_~..:._. ~:.~..
.:.~:. .~:~.._ ~.,.,.:.
~ ..: ..... .: ~e e . .:.~~ ~
~:.~.. ~:.. .~ .... ._ ~:.
.:..q:..._ ..:.~:e:~ee
...:.~~~ ~.._..:..._
_e.~: ~..q~~~._. ~:...
_e.._e ..:..~.:_ ....~
,_.._~~~ .._._...~
..: .. _. . _. .~: .:e:.q.~~ ~
~.:~~~_e.....__e.._.
Indias Tata, Chinas Cherry in Talks to Explore Tie-ups
I
ndIu`s TuLu MoLors und CII-
nese curmuker CIery AuLo-
mobIIe ure IoIdIng LuIks Lo
expIore possIbIe LIe-ups, wIIcI
muy IncIude sIurIng oI veIIcIe
pIuLIorms, geLLIng uccess Lo LIe
murkeL In CIInu Ior TuLu Mo-
Lors und even IeIpIng CIery Lo
enLer ndIu, peopIe wILI knowI-
edge oI LIe muLLer suId.
TuIks wILI CIery Iuve been
goIng on Ior LIe pusL coupIe oI
yeurs, peopIe cIose Lo TuLu Mo-
Lors suId.
WIen LIe ndIun uuLomuker
wus workIng on ILs zozo sLruL-
egy ubouL 1z-18 monLIs buck,
IL Iud consIdered buyIng some
oI CIery`s pIuLIorms, LIey suId.
Ketan Thakkar &
Ashutosh R Shyam
CIInese newspuper NunIung
DuIIy Ius reporLed LIuL CIery
wus In LuIks Lo seII LIe pIuLIorms
oI ILs QQ, A1 und M1 mIcro se-
duns und LIe A compucL cur Lo
TuLu MoLors Lo ruIse cupILuI und
euse ILs debL burden.
L Is u very broud-rungIng
LuIk rIgIL now, wILI noLIIng
specIhcuIIy dehned us yeL, suId
u person cIose Lo TuLu MoLors.
Teums Iuve been vIsILIng, buL
LIere Is no dIrecLIon yeL us syn-
ergIsLIc benehLs ure mInImuI,
unoLIer person wILI knowIedge
oI deveIopmenL uL TuLu MoLors
suId. A TuLu MoLors spokes-
womun suId us u purL oI our
conLInued expIoruLIons In key
murkeLs, we conLInue Lo Iuve
discussions for potential oppor-
LunILIes Ior coIIuboruLIon wILI
muny pIuyers IncIudIng LIose In
CIInu.
TuLu MoLors uIreudy Ius u LIe-
up wILI CIery LIrougI ILs Jug-
uur und Rover (JR) unIL. TIe
UK-bused Iuxury-veIIcIe unIL
oI TuLu MoLors IusL yeur goL LIe
upprovuI Irom CIInese uuLIorI-
LIes Lo seL up u joInL venLure
wILI CIery. ET
Cars at a showroom on Kaba Aye Pagoda road in Yangon.
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~.e.- Tata Motors .
~, ~ . -..: .~: ~:. ~ . . ._
..,._e...: Chery Automobile
~ ._ _e. . ._.q ._ ....|...:
q~..:.~ ........:._....,_..
~. .|.. ... .. .:.~ ~, ~ ...
~~~ Tata Motors ~.q:~
.:..q. ~.e...~~. Chery
~ .q:~ . .q.~ ._ . .|~ . :.e e
q.,._.
Chery . ........:.._ ..
~~,_~:_....q._~:.._. .q
._ .~. .|.~ . .. ... .. .:.. :
~. , _ ~ ..:.~ e _ ., ._ ~~ ~
._._~q:. ~....~~~~~
.~ . ~ . ._. . ...._ ~: . . q
._.
March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
26
INTERNATIONAL AND DOMESTIC FLIGHT SCHEDULE
Fliggh htss ffroom Yanggon (RGNN) to Bangkok ((BKK) Fliggh htss ffroom Banggkok (BKKK) to Yaangon (RGN)
Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by:
PG 706 1 2 3 4 5 6 7 RGN BKK 7:15 9:30 Bangkok Airways DD4230 1 2 3 4 5 6 7 DMK RGN 06:30 07:55 NOK Airlines
DD4231 1 2 3 4 5 6 7 RGN DMK 8:00 9:45 NOK Airlines 8M336 1 2 3 4 5 6 7 BKK RGN 6:40 7:25 MAI
FD2752 1 2 3 4 5 6 7 RGN DMK 8:30 10:15 Thai AirAsia FD2751 1 2 3 4 5 6 7 DMK RGN 7:15 8:00 Thai AirAsia
8M335 1 2 3 4 5 6 7 RGN BKK 8:40 10:25 MAI TG303 1 2 3 4 5 6 7 BKK RGN 8:00 8:45 Thai Airways
TG304 1 2 3 4 5 6 7 RGN BKK 9:50 11:45 Thai Airways PG701 1 2 3 4 5 6 7 BKK RGN 8:50 9:40 Bangkok Airways
PG702 1 2 3 4 5 6 7 RGN BKK 10:45 12:40 Bangkok Airways FD2755 1 2 3 4 5 6 7 DMK RGN 11:35 12:20 Thai AirAsia
Y5-237 1 2 3 4 5 6 7 RGN BKK 18:05 19:50 Golden Myanmar Airlines PG707 1 2 3 4 5 6 7 BKK RGN 13:40 14:30 Bangkok Airways
TG302 1 2 3 4 5 6 7 RGN BKK 14:45 16:40 Thai Airways Y5-238 1 2 3 4 5 6 7 BKK RGN 21:10 21:55 Golden Myanmar Airlines
PG703 1 2 3 4 5 6 7 RGN BKK 15:20 17:15 Bangkok Airways FD2753 1 2 3 4 5 6 7 DMK RGN 16:35 17:20 Thai AirAsia
8M331 1 2 3 4 5 6 7 RGN BKK 16:30 18:15 MAI PG703 1 2 3 4 5 6 7 BKK RGN 16:45 17:35 Bangkok Airways
FD2754 1 2 3 4 5 6 7 RGN DMK 17:50 19:35 Thai AirAsia TG305 1 2 3 4 5 6 7 BKK RGN 17:55 18:40 Thai Airways
PG704 1 2 3 4 5 6 7 RGN BKK 18:25 20:20 Bangkok Airways DD4238 1 2 3 4 5 6 7 BKK RGN 19:30 20:15 NOK Airlines
TG306 1 2 3 4 5 6 7 RGN BKK 19:40 21:35 Thai Airways 8M332 1 2 3 4 5 6 7 BKK RGN 19:20 20:05 MAI
DD4239 1 2 3 4 5 6 7 RGN DMK 21:00 22:45 NOK Airlines PG705 1 2 3 4 5 6 7 BKK RGN 20:00 21:15 Bangkok Airways
FFliggh htss ffroom m Yangoon (RGN)) to Chiaang Maii (CNX) FFliggh htss ffroom m Chiangg Mai (CCNX) to YYangon (RGN)
W9-9607 4 7 RGN CNX 14:50 16:20 Air Bagan W9-9608 4 7 CNX RGN 17:20 17:50 Air Bagan
Flligghtss ffroom Yanggon (RGNN) to Sinngapore (SIN) Flligghtss ffroom Singaapore (SIN) to Yangon ((RGN)
Y5-233 1 2 3 4 5 6 7 RGN SIN 10:10 14:40 Golden Myanmar Airlines Y5-234 1 2 3 4 5 6 7 SIN RGN 15:35 17:05 Golden Myanmar Airlines
MI509 1 6 RGN SIN 0:25 5;00 SilkAir SQ998 1 2 3 4 5 6 7 SIN RGN 7:55 9:20 Singapore Airline
8M231 1 2 3 4 5 6 7 RGN SIN 8:30 13:00 MAI 8M6231/3K585 1 3 4 5 6 SIN RGN 9:10 10:40 Jetstar Asia
SQ997 1 2 3 4 5 6 7 RGN SIN 10:25 14:45 Singapore Airline 8M232 1 2 3 4 5 6 7 SIN RGN 14:10 15:40 MAI
8M6232/3K586 1 3 4 5 6 RGN SIN 11:30 16:05 Jetstar Asia MI518 1 2 3 4 5 6 7 SIN RGN 14:20 15:45 SilkAir
8M233 5 6 7 RGN SIN 13:45 18:15 MAI 8M235 5 6 7 SIN RGN 19:15 20:45 MAI
TR2827 1 6 7 RGN SIN 15:10 19:35 TigerAir TR2826 1 6 7 SIN RGN 13:00 14:30 TigerAir
TR2827 2 3 4 5 RGN SIN 17:10 21:35 TigerAir TR2826 2 3 4 5 SIN RGN 15:00 16:30 TigerAir
MI517 1 2 3 4 5 6 7 RGN SIN 16:40 21:15 SilkAir MI520 5 7 SIN RGN 22:10 23:35 SilkAir
FFliightts frromm Yangonn (RGN) tto Kualaa Lumpuur (KUL) Fligghtts frro om m Kuala LLumpur (KUL)too Yangonn (RGN)
AK1427 1 2 3 4 5 6 7 RGN KUL 8:30 12:50 AirAsia AK1426 1 2 3 4 5 6 7 KUL RGN 6:55 8:00 AirAsia
8M501 1 2 3 4 5 6 7 RGN KUL 8:55 12:55 MAI MH740 1 2 3 4 5 6 7 KUL RGN 10:05 11:15 Malaysia Airlines
MH741 1 2 3 4 5 6 7 RGN KUL 12:15 16:30 Malaysia Airlines 8M502 1 2 3 4 5 6 7 KUL RGN 14:00 15:00 MAI
Fligghtts frrom Yanngon (RGGN) to HHanoi (HHAN) Fligghtts frrom Hannoi (HANN) to Yanngon (RRGN)
VN956 1 3 5 6 7 RGN HAN 19:10 21:30 Vietnam Airlines VN957 1 3 5 6 7 HAN RGN 16:35 18:10 Vietnam Airlines
Flliggh htss ffroom m Yangon (RGN) to Ho CChi Minhh (SGN) Flliggh htss ffroom m Ho Chii Minh (SSGN) to Yangonn (RGN)
VN942 2 4 7 RGN SGN 14:25 17:10 Vietnam Airlines VN943 2 4 7 SGN RGN 11:40 13:25 Vietnam Airlines
Flligghtss ffrom Yanngon (RGGN) to TTaipei (TTPE) Flligghtss ffrom Taipei (TPEE) to Yanngon (RGN)
CI7916 1 2 3 4 5 6 RGN TPE 10:50 16:10 China Airline CI7915 1 2 3 4 5 6 7 TPE RGN 7:15 10:05 China Airline
BR288 2 5 6 RGN TPE 11:35 17:20 EVA Air BR287 2 5 6 TPE RGN 7:30 10:35 EVA Air
Flliggh htss ffroom Yanggon (RGNN) to Kunming(KMG) Flliggh htss ffroom Kunmming(KMMG) to Yangon ((RGN)
CA906 2 3 4 6 7 RGN KMG 14:15 17:35 Air China CA905 2 3 4 6 7 KMG RGN 12:40 13:15 Air China
MU2032 1 2 3 4 5 6 7 RGN KMG 14:40 17:55 China Eastern MU2031 1 2 3 4 5 6 7 KMG RGN 13:30 14:00 China Eastern
MU2012 3 6 RGN KMG 12:20 18:10 China Eastern (via NNG) MU2011 3 6 KMG RGN 8:25 11:30 China Eastern (via NNG)
Flligghtss from Yanngon (RGGN) to BBeijing (BJS) Flligghtss from Beijjing (BJSS) to Yanngon (RRGN)
CA906 2 3 4 6 7 RGN BJS 14:15 21:55 Air China (via KMG) CA905 2 3 4 6 7 BJS RGN 8:05 13:15 Air China (via KMG)
Fliggh htss ffroom Yanggon (RGNN) to Naanning (NNG) Fliggh htss ffroom Nannning (NNNG) to Yaangon ((RGN)
Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by:
MU2012 3 6 RGN NNG 12:20 16:25 China Eastern MU2011 3 6 NNG RGN 10:15 11:30 China Eastern
FFliggh htss ffroom m Yangoon (RGN)) to Honng Kong (HKG) HHonng g KKoong (HKG) Flights from Yaangon ((RGN)
KA251 1 2 4 6 RGN HKG 1:10 5:35 Dragon Air KA250 1 3 5 7 HKG RGN 21:50 23:45 Dragon Air
*PPleaasee noote thee dday change for the deparrture time too Hong Kongg.
Flliggh htss ffroom m Yangon (RGN) to Guanng Zhouu (CAN) Flliggh htss ffroom m Guang Zhou (CCAN) to Yangonn (RGN)
8M711 2 4 7 RGN CAN 8:40 13:15 MAI CZ3055 3 6 CAN RGN 8:40 10:30 China Southern Airlines
CZ3056 3 6 RGN CAN 11:20 15:50 China Southern Airline 8M712 2 4 7 CAN RGN 14:15 15:45 MAI
CZ3056 1 5 RGN CAN 17:40 22:15 China Southern Airline CZ3055 1 5 CAN RGN 14:45 16:35 China Southern Airlines
FFlighhts ffroom Yanggon (RGN) to Koolkata (CCCU) FFlighhts ffroom Kolkkata (CCUU) to Yaangon (RRGN)
Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by:
AI228 5 RGN CCU 18:45 19:45 Air India AI227 1 5 CCU RGN 10:35 13:20 Air India
AI234 1 5 RGN CCU 13:40 16:55 Air India (via GAY) AI233 5 CCU RGN 13:30 18:00 Air India (via GAY)
Fliggh htss ffrom Yanngon (RGGN) to GGaya (GAAY) Fliggh htss ffrom Gayya (GAY) to Yanngon (RGGN)
8M 601 1 3 5 6 RGN GAY 10:30 11:50 MAI 8M 602 1 3 5 6 GAY RGN 12:50 16:00 MAI
AI234 1 5 RGN GAY 13:40 15:00 Air India AI233 5 GAY RGN 15:00 18:00 Air India
Fligghtts frrom Yanngon (RGGN) to TTokyo (NNRT) FFliightts frrom Tokkyo (NRTT) to Yaangon (RRGN)
NH914 1 3 6 RGN NRT 22:00 06:40+1 ALL NIPPON Airways NH913 1 3 6 NRT RGN 11:10 17:05 ALL NIPPON Airways
FFliggh htss ffrom Yanngon (RGGN) to SSeoul (ICCN) FFliggh htss ffrom Seooul (ICN)) to Yanngon (RGGN)
KE472 1 3 5 7 RGN ICN 0:05 8:00 Korean Air KE471 1 2 3 4 5 6 7 ICN RGN 18:40 22:55 Korean Air
OZ7463 4 7 RGN ICN 0:50 8:50 Asiana OZ4753 3 6 ICN RGN 19:30 23:40 Asiana
Flligghtss ffrom Yanngon (RGGN) to DDoha (DOOH) Flightts frrom Dohha (DOH) to Yangon (RRGN)
QR619 1 2 3 4 5 6 7 RGN DOH 8:00 11:45 Qatar Airways QR618 1 2 3 4 5 6 7 DOH RGN 21:05 06:29+1 Qatar Airways
Flliggh htss ffroom m Yangon (RGN) to Nay Pyi Taww (NYT) Flliggh htss ffroom m Nay Pyyi Taw (NNYT) to Yangonn (RGN)
Flight No. DDayss From To ETD ETA Operated by: Flight No. DDayss From To ETD ETA Operated by:
FMI-A1 1 2 3 4 5 RGN NYT 7:30 8:30 FMI Air Charter FMI-A2 1 2 3 4 5 NYT RGN 8:50 9:50 FMI Air Charter
FMI-B1 1 2 3 4 5 RGN NYT 11:30 12:30 FMI Air Charter FMI-B2 1 2 3 4 5 NYT RGN 13:00 14:00 FMI Air Charter
FMI-C1 1 2 3 4 5 RGN NYT 16:30 17:30 FMI Air Charter FMI-C2 1 2 3 4 5 NYT RGN 18:00 19:00 FMI Air Charter
FMI-A1 6 RGN NYT 8:00 9:00 FMI Air Charter FMI-A2 6 NYT RGN 10:00 11:00 FMI Air Charter
FMI-A1 7 RGN NYT 15:30 16:30 FMI Air Charter FMI-A2 7 NYT RGN 17:00 18:00 FMI Air Charter
FFliightts frrom Yangoon (RGN) to Manndalay ((MDY) FFliightts frrom Manddalay (MDDY) to YYangon (RGN)
Y5-234 1 2 3 4 5 6 7 RGN MDY 6:15 7:30 Golden Myanmar Airlines Y5-233 1 2 3 4 5 6 7 MDY RGN 8:10 9:25 Golden Myanmar Airlines
YH 909 2 4 6 7 RGN MDY 6:30 8:10 Yangon Airways YH 910 1 3 MDY RGN 7:40 10:30 Yangon Airways
YH 917 1 2 3 4 5 6 7 RGN MDY 6:10 8:30 Yangon Airways YH 918 1 2 3 4 6 7 MDY RGN 8:30 10:25 Yangon Airways
YH 727 1 5 RGN MDY 11:15 13:25 Yangon Airways YH 728 1 5 MDY RGN 9:10 11:05 Yangon Airways
YH 731 1 2 3 4 5 6 7 RGN MDY 15:00 17:10 Yangon Airways YH 732 1 2 3 4 5 6 MDY RGN 17:10 19:15 Yangon Airways
W9 501 1 2 3 4 RGN MDY 6:00 7:25 Air Bagan W9 502 1 2 3 4 MDY RGN 16:10 18:15 Air Bagan
K7 222 1 2 3 4 5 6 7 RGN MDY 6:30 8:40 Air KBZ K7 223 1 2 3 4 5 6 7 MDY RGN 9:00 11:05 Air KBZ
YJ 201 1 2 3 4 5 6 7 RGN MDY 11:30 12:55 Asian Wings YJ 202 1 2 3 4 5 6 7 MDY RGN 16:00 17:25 Asian Wings
Days - (1) Monday (2) TTueesdaay (33) WWeddnessdaay (4) Thursdayy (5) Friday (6) SSaturday (7) Suunday Days - (1) Monday (2) TTueesdaay (33) WWeddnessdaay (4) Thursdayy (5) Friday (6) SSaturday (7) Suunday
March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
AUTOMOBILE
27
Myanmar Summary
Myanmar Summary
Myanmar Summary
Viriyah Seeks Myanmar Partner
to Insure Transporting Vehicles
T
IuI Insurer VIrIyuI n-
surance is planning to
expund ILs cross-border
coveruge servIce Lo veIIcIes
LrunsporLIng TIuI producLs Lo
Myunmur by LIe end oI LIIs
yeur.
TIe hrm uIso uIms Lo expund
sucI servIce Lo veIIcIes curry-
Ing goods Lo MuIuysIu und Cum-
bodIu, uccordIng Lo TIuI medIu
reporLs.
VIrIyuI`s depuLy munugIng
dIrecLor Arnon OpuspImoILum
suId LIe hrm Is seekIng purL-
ners In Myunmur, MuIuysIu und
CumbodIu Lo serve TIuI poII-
cyIoIders In LIose counLrIes,
wIere LIe purLner wIII sIure
responsIbIIILy Lo compensuLe
claims to its clients in case of
Lrumc uccIdenLs, uccordIng Lo
LIe reporLs.
VIrIyuI Ius recenLIy reucIed
u sImIIur ugreemenL wILI u uo-
LIun purLner.
He suId LIe IocuI-purLnersIIp
modeI wouId IeIp brIng In
more premiums from commer-
cIuI Lrucks und suId LIuL Income
Irom LIIs segmenL wouId grow
by uL IeusL zo percenL Irom
$q.1 mIIIIon IusL yeur. n zo1,
premiums from motor insur-
unce Ior VIrIyuI were $q6z.q
Shein Thu Aung
mIIIIon, uIbeIL commercIuI
LrunsporL veIIcIes conLrIbuLed u
smuII porLIon.
He suId II LIe cross-border
moLor-Insurunce scIeme Is suc-
cessIuI, LIe compuny In LIe nexL
Iew yeurs uIms Lo desIgn Insur-
unce producLs coverIng noL onIy
LIe veIIcIes buL uIso LIe goods
beIng LrunsporLed In LIose
counLrIes.
I VIrIyuI geLs suILubIe purL-
ners IL wIII seL up omces In mu-
jor TIuI provInces LIuL ure In
proxImILy wILI LIe neIgIbour-
Ing counLrIes, Ie udded.
TIe compuny suId ILs cross-
border purLnersIIp modeI wIII
rope In more growLI LIun u
joInL venLure In LIe neIgIbour-
Ing counLrIes.
VIrIyuI`s LoLuI premIums IusL
yeur grew z1 percenL Lo $1.o
bIIIIon. MoLor Insurunce experI-
enced growLI oI z1 percenL, wIIIe
oLIer segmenLs grew z percenL.
.. -~:.. . . , ._e. ..:
Viriyah ._ e...~,~ _.,.:
._ ... ~~,.:.~:.
..:.~:~:._e .ee...:.q.
~_~ ~:.. ~, ..: . .:.~ ~ ..
....:.:.q,...,._~:. .q
._.
~_. e...,.. ....q:..
~..:..e:.. ~,._.:.~..:
._ ..: .~: ~:..:.~~ ~ ._ .
~.:.~ ~:.. ~, ..: . . :.~:.
~.... ..:....:.q, q_qe
: . ._ ~: . . . . e: . : . -
.~..e:_..~.:. ~q .q._.
Viriyah - .~e.,.,..|,~
~:_e. . Arnon Opaspimoltum ~
_.,.:. ....q:... ~..:..
e:...:.~ ~~.~....|...
..: ._ . .:.~ q :.e .,._ ~: .
._.:_~:..._.Viriyah ._ ._~:
....~ .:~.. ..,.~...
~~.~....|.._..:~_.~
~. . ~ qq . ._~: . . q._ ._._ ~ .
..,.~... ~~.~....|...
..:_.._e ..,...~.~~.:
.._~:. Arnon Opaspimoltum
~ ._.:_~:..._.
TIe compuny reporLed neL prohL
oI $1.6 mIIIIon IusL yeur.
Myanmar to Cut Tax Rate on Imported Cars
M
yunmur uuLIorILIes
wIII cuL Lux ruLe on
ImporLed curs In LIe
comIng hscuI yeur oI zo1q-1
In u bId Lo IurLIer brIng down
cur prIces, sLuLe-run medIu un-
nounced.
TIe currenL cur prIces In LIe
counLry Is ubouL one-hILI oI
LIose even LIree yeurs ugo IoI-
IowIng meusures Luken by LIe
currenL governmenL Lo muke
curs more uordubIe, suId LIe
New IgIL oI Myunmur.
TIe number oI ImporLed curs
Ius reucIed over zo,ooo,
prompLIng Lrumc jum In LIe
counLry`s mosL-popuIous cILy
Yungon. BuL due Lo resLrIcLIons
on ImporLed curs In LIe pusL,
cur prIces were exLremeIy IIgI.
SInce SepLember zo11, Myun-
mur Ius IuId down u progrum
Lo subsLILuLe prIvuLeIy-owned
veIIcIes oI more LIun Iour dec-
udes oI uge wILI new ones, cun-
ceIIIng LIe vuIIdILy oI sucI regIs-
Lered veIIcIes wIIcI umounLed
Lo over ,ooo unILs, uccordIng
Lo uvuIIubIe hgures.
Kyaw Min
PermILs were beIng Issued
Lo sucI oId veIIcIe owners Ior
LIem Lo purcIuse new modeIs
noL eurIIer LIun 1qq on surren-
der oI LIeIr oId ones.
In its continued measures to
brIng down LIe cur prIces, LIe
Imported cars at Thiri Mingalar car market in Yangon.
O
liv
e
r

S
lo
w
EU Fines Producers of
Key Automobile Parts
T
Ie Europeun UnIon Ius
hned Lwo EU und Iour
Jupunese compunIes u Lo-
LuI oI neurIy C1 bIIIIon ($1.q bII-
IIon) Ior rIggIng LIe murkeL oI
key componenLs In LIe cur und
Lruck IndusLry uL LIe expense oI
consumers.
EU AnLILrusL CommIssIoner
JouquIn AImunIu suId IusL week
IL wus uL IeusL LIe LIIrd cuse oI
murkeL rIggIng In LIe cur Indus-
Lry LIuL LIe EU Iud Iound so
Iur. He suId unoLIer IuII dozen
InvesLIguLIons were ongoIng In
LIe secLor.
AImunIu suId IL Is IncredIbIe
Lo see LIuL one more cur compo-
nenL wus curLeIIzed. He Ioped
LIe hnes Imposed wIII deLer
companies from engaging in
sucI IIIeguI beIuvIour und IeIp
resLore compeLILIon In LIIs In-
dusLry.
BoLI ScIuemer Irom Germu-
ny und SK Irom Sweden were
hned In excess oI Coo mIIIIon
($qoo mIIIIon). Agencies
governmenL uIIowed ILs cILI-
zens Lo ImporL curs IreeIy wILI
uL IeusL zoo; modeI und ubove
excepL pussenger buses.
SImIIurIy, LuxIs wILI zoo;
modeI und ubove were uIso
grunLed Ior ImporL wILI LIe en-
dorsement of regional or state
governmenLs.
As Ior pussenger buses, veIIcIes
munuIucLured beLween 1qq6 und
zoo6 ure uIIowed Ior ImporL on
surrender oI LIe oId buses In ex-
cIunge Ior LIe permILs.
AccordIng Lo LIe DepurLmenL
oI Roud TrunsporL AdmInIsLru-
LIon, LIere wus u LoLuI oI more
LIun q mIIIIon regIsLered moLor
veIIcIes us oI LIe end oI zo1,
oI wIIcI over qoo,ooo ure pus-
senger curs wIIIe over 11o,ooo
ure Lrucks, z1,ooo buses, .q
mIIIIon moLorcycIes und 6,ooo
oLIers.
e.~ ..:.~:~:.~....:.
~ ~, .~ ~:._.. . ._ ~~ ~ ~:.
....,..:..: ~..~,_..:..._.
e.~.| ..:.~:~:.~...~
._e..: . .:._.. . . ._ ~~ ~ ~:.
~....: ~...q ~~~~ .~:
.:. _. . . ~:.~. .~.q~.:.~_.:.
~ . ..:. ._~: . ..q . ._
q,~,_.~ ~:.....~...:._e.
.:.q._.
.q .._ ~ ~ . ~:..:.~~ ~
~' .... ~~' ...~_~:.
~.....: ..:.~:~:..:.~:.
~.~:..e:..:._e ..e.~
_........_.
~ .e ._ ., ~ . ~ .... . .q:.
~ . ~ . . . ~:. e , ~. . e ~..
q~,..'.: ~ ... , .e,
~ .~.,~._.. ~:..:..q.
~:..:.- ~.~~:.~.~~...:.
~ ...~~_~.~_.e.e..:.~
_....._~~~ e.~. .~.
~. . _. ._e. ._ . ~ .e - Antitrust
Commissioner _e.. J oaquin
Almunia ~ ...~ ~ _~ .~ _.e . e
.~ ~.e. .~q._.. ..:.~:~:.
..,.~ .,:~...........
.:.~ ._. _.. . .,._~: . . q._ .
R
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s
March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
28
IT & TELECOM
Myanmar Summary
Myanmar Summary
Young Coders Astound Judges at Myanmars
First-ever Hackathon
Winning team develops sophisticated app to notify farmers of nearby pests and diseases
M
yunmur`s hrsL-ever
IuckuLIon hnIsIed
IusL weekend uILer un
InLense q8 Iours. TIe Iuck-
uLIon, wIIcI wus orgunIsed
by Code Ior CIunge Myunmur,
brougIL LogeLIer ;6 IocuI young
deveIopers, desIgners und en-
Lrepreneurs.
WIen LIe progrum begun uL
6pm on MurcI 1q, LIe purLIcI-
punLs were presenLed wILI eIgIL
probIems Irom sIx dIerenL
NGOs - probIems rungIng Irom
Iow Lo IeIp women munuge
bIrLI spucIng Lo Iow Lo muke IL
easier for farmers to optimise
IrrIguLIon.
TIe purLIcIpunLs LIen dIvId-
ed InLo 1; Leums und spenL uII
weekend deveIopIng LecInoI-
ogy-bused soIuLIons Lo LIese
probIems. Muny Leums worked
non-sLop Ior q8 Iours, LIe or-
gunIsers suId.
On MurcI 16, eucI Leum Iud
onIy LIree mInuLes Lo gIve u
demonsLruLIon Lo LIe judgIng
puneI oI LIe upp or websILe LIuL
LIey Iud buIIL. TIe puneI In-
cIuded TIuung Su NyeIn, cIIeI
executive of Information Ma-
LrIx, HnIn HnIn Pyne, senIor
Iumun deveIopmenL specIuIIsL,
WorId Bunk, Aye Myu HIuIng,
prIncIpuI, TIe SUN nsLILuLe,
und PIII MorIe, cIIeI execuLIve
PoIIenIzer GIobuI
TIe judges suId LIe sLundurd
oI work und presenLuLIon wus
exLremeIy IIgI.
PIII MorIe, wIo Is u veLerun
LecInoIogy enLrepreneur und
InvesLor, suId: Iuve purLIcI-
puLed In, judged und run Iuck-
Nwe Zin uLIons uII over LIe worId und
LIIs wus one oI LIe besL `ve ever
seen. WIuL LIese young peopIe
ucIIeved LIIs weekend usLound-
ed me - und noL jusL LIe wIn-
ners. TIe energy und LuIenL oI
LIe Myunmur LecI communILy
Is InspIrIng.
IrsL prIze wus uwurded Lo
Teum NIIBug wIo buIIL un
AndroId upp LIuL uIIows Iurm-
ers Lo sIure und receIve uIerLs
ubouL neurby pesLs und dIs-
euses. TIe Leum`s presenLer Ko
Arkur MIn Aung suId: L wus u
greuL cIunce Lo uppIy our skIIIs
Lo uddress ImporLunL probIems
In Myunmur. We IeurnL u IoL,
Iud greuL Iun und buIIL u cooI
producL wILI LIe power oI Leum
spIrIL. TIe oLIer Leums dId so
weII cun`L beIIeve we won.
IrsL prIze wus $1,ooo Lo
sIure, us weII us u SIngTecI
SuppIIre ITub MInI und u copy
oI MorIe`s book SLurLUp ocus
Ior eucI member oI LIe Leum.
ProxImILy DesIgns wus LIe
NGO LIuL submILLed LIe prob-
Iem LIuL LIe wInnIng Leum
worked on. Duw DebbIe Aung
DIn, co-Iounder oI ProxImILy
DesIgns, suId: TIIs IuckuLIon
wus u greuL opporLunILy Lo work
wILI Myunmur`s LecInoIogy
communILy on reuI Issues LIuL
Iurmers deuI wILI.
We`re IookIng Iorwurd Lo
workIng wILI LIem Lo LesL LIeIr
Ideus und Lo deveIop LIem Iur-
LIer.
TIe second prIze wenL Lo Leum
EIecLuge wIose producL, uIso
un AndroId uppIIcuLIon, wus de-
signed for election monitoring
teams to report on irregularities
durIng LIe zo1 eIecLIon. As weII
us u workIng AndroId upp, LIey
proLoLyped un IOS uppIIcuLIon
und u web pIuLIorm. TIey won
$oo Lo sIure und SIngTecI`s
smurLpIone, u SuppIIre PrIme
Ior eucI Leum member.
TIIrd prIze wenL Lo Leum
MIId ProducL wIo deveIoped
u grupIIcuIIy engugIng wuy oI
IeIpIng women munuge LIeIr
bIrLI spucIng. TIey won $zo
Lo sIure und u SIngTecI IP-
ure smurLpIone Ior eucI Leum
member.
nLernews SenIor SLruLegy
AdvIsor und Code Ior CIunge
Myunmur ounder DuvId Mud-
den suId: TIe Code Ior CIunge
Myunmur IuckuLIon Ius sIown
LIuL LecInoIogy cun be used Lo
Iuve reuI socIuI ImpucL In My-
unmur. TIe LecInoIogy commu-
nILy Iere Ius LIe LuIenL Lo buIId
innovative apps and digital ser-
vIces LIuL wIII reuIIy Improve
peopIe`s IIves.
We`re IookIng Iorwurd Lo or-
gunIsIng more evenLs IIke LIIs.
Ross Cormuck, cIIeI execuLIve
oI Ooredoo Myunmur, wIIcI
uIso supporLed LIe evenL, suId:
TIe upps LIuL LIese young
peopIe buIIL uL LIIs IuckuLIon
ure u greuL exumpIe oI LIe wuys
In wIIcI Improved LeIecommu-
nications is going to accelerate
Myunmur`s deveIopmenL.
LG Ramps up Myanmar Drive with Sales Campaign
S
ouLI Koreun eIecLronIcs
gIunL G Ius IuuncIed u
product sales campaign
In Myunmur In u bId Lo Lup LIe
growIng demund Ior eIecLron-
Ic uppIIunces In LIe recenLIy
opened SouLIeusL AsIun econ-
omy.
TIe progrum sLurLed In eb-
ruury z8 und wIII go on unLII
AprII 11, TMW EnLerprIse, G`s
uuLIorIsed deuIer In Myunmur,
suId. G consumer eIecLronIc
ILems sucI us TV, uudIo seLups
und Iome LIeuLres wIII be up
Ior grubs durIng LIe cumpuIgn
BIggesL SuIe zo1q.
ucky druw ILems Ior con-
sumers IncIude o-IncI ED
Wai Linn Kyaw TV, GSM pIone IundseL, Op-
LImus G Pro und uIr condILIon-
ers. We uIso Iuve u pIun Lo gIve
specIuI gIILs Lo our consumers.
A purcIuser wIII be ubIe Lo geL
InLo LIe Iucky druw progrum uL
uny G represenLuLIve sIow-
rooms uround LIe counLry,
suId Ko Kyuw Soe WIn, us-
sIsLunL murkeLIng munuger oI
TMW EnLerprIse.
Buyers wIII be ubIe Lo geL some
specIuI gIILs besIdes geLLIng u
1o percenL dIscounL on cerLuIn
producLs, LIe compuny suId.
CusLomers purcIusIng producLs
worLI more LIun Kzoo,ooo
($zoo) wIII be nomInuLed Ior
u Iucky druw progrum, wInners
oI wIIcI wIII be unnounced In
Muy.
TMW Enterprise Ltd ~ ~..
.q:...,._ LG ......_.
~.q:._..~:. .e.e:~|q.
q~ . -_. . ~~ q~ ., ~ ~ ..
_.... :.._e .q._.
e ._.. ~ ~. . . . , .e .~~ ~e
e.|~ Warranty Card _e~.....:.
e....._.. LG .q.~.:.~
.~.~.~_.,.:.._e .q._.
~. .|_.. ~ LG .. .. .. _ ..:.
~ ~.|~~_e.._ Consumer
Electric .. _ ..:. ~..... .. .. _ .
.:.~ee.|~.~..:.:....._
~_. ~ ~ , ~ ~e e ._ . .:.~~ ~
~~ q:. .,. .....:.....:.._e
.q._.
Code for Change Myanmar .
.._....._ _.,.:.-...
. ...: hackathon ., q. ._ . , .
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March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
IT & TELECOM
29
Myanmar Summary
Myanmar Summary
Myanmar to Host Telecommunications Infrastructure
and Mobile Technology Event in November
U
K-bused exIIbILIon or-
gunIser AIIworId ExII-
bILIons AIIIunce Is goIng
Lo IosL u LeIecommunIcuLIons
InIrusLrucLure und mobIIe LecI-
noIogy evenL In Myunmur LIIs
yeur In u bId Lo uccommoduLe
LIe growIng InLeresL In LIe mur-
keL und IucIIILuLe LIe neLwork
roIIouL pIuns oI LIe mujor op-
eruLors, LIe compuny suId.
TIe CommunICusL Myunmur
zo1q wIII be IeId uL Myunmur
ConvenLIon CenLre (MCC) In
Yungon Irom 18-zo November
and is expected to attract more
LIun 8o exIIbILors.
We ure excILed Lo be oered
LIe opporLunILy Lo sLuge LIIs
evenL uL sucI u crILIcuI LIme In
LIe deveIopmenL oI LeIecom-
munIcuLIons ucross Myunmur,
Zayar Phyo
suId Overseus ExIIbILIon Ser-
vIces Ld und EvenL DIrecLor
RuperL Owen.
TIe governmenL Ius uIreudy
sIown ILs commILmenL wILI
LIe grunLIng oI Lwo mobIIe II-
cences und LIIs Is sendIng u
sLrong messuge Lo LIe worId
LIuL Myunmur Is commILLed Lo
infrastructure development on
u LruIy mussIve scuIe.
SeveruI oLIer deveIopmenLs
ure uIso IIkeIy Lo become reuI-
ILy durIng zo1q und LIIs wIII hL
IdeuIIy wILI un evenL IuLer In LIe
yeur.
Myunmur Ius u popuIuLIon
oI neurIy 6o mIIIIon peopIe yeL
LeIepIone peneLruLIon IeveIs ure
umong LIe IowesL unywIere In
LIe worId. WILI mobIIe users
LIougIL Lo be uL uround 1o per-
cenL und InLerneL und hxed IIne
usuge oI z percenL - buL wILI u
governmenL LurgeL oI 8o per-
cenL by zo16 - LIe murkeL oI-
Iers unequuIIed opporLunILIes.
Owen suId LIIs sIow wIII be
u pIuLIorm Ior LIe IndusLry Lo
geL InvoIved In one oI LIe IusL
greuL IurgeIy unLupped murkeLs.
More LIun o compunIes Irom
LIe suLeIIILe, cubIe, neLwork
opLImIsuLIon und energy InIru-
sLrucLure secLors Iuve uIreudy
commILLed Lo LIe sIow.
TIun HLun Aung, dIrecLor oI
LIe Myunmur PosLs und TeI-
ecommunIcuLIons under LIe
MInIsLry oI CommunIcuLIons
und nIormuLIon TecInoIogy,
suId, TIe mInIsLry InvILes gIob-
uI mobIIe und neLwork operu-
Lors, LeIecoms und T suppIIers
Irom uround LIe worId Lo sIow-
cuse LIeIr IuLesL LecInoIogIes,
combInIng wILI soIuLIons Lo
Luke LIe counLry`s communIcu-
LIons IndusLry Lo LIe nexL IeveI.
_- ~ , ~._.. ~ ~ , ._ _.. .:.. . .
_e. ._ Allworld Exhibitions Alliance
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_~:.. ._ .CommuniCast Myanmar
2014 ~. ~. ~:. _., .:~ , - .q .
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._.:~.._~:._...|q~~: Rupert
Owen ~ ._.:_~:..._.
With Cars, Drivers, Google Revs up Home Delivery
W
Ien GoogIe sLurLed
LesLIng u Iree sume-
duy sIoppIng deIIvery
servIce In Sun runcIsco IusL
yeur, IndusLry observers were
surprIsed by LIe compuny`s
Ioruy InLo u noLorIousIy LrIcky
und decIdedIy Iow-murgIn reuI-
worId busIness.
OLIers ruIsed LIeIr eyebrows
wIen orders oI one or Lwo
ILems, sucI us LooLIpusLe or u
cun oI sodu, someLImes urrIved
In u bug bIg enougI Lo IoId u
week`s worLI oI grocerIes.
L wus u rookIe mIsLuke, one
LIuL underscores Iow GoogIe Is
wudIng InLo unIumIIIur LerrILory
- u busIness, now conLesLed by
seusoned Iunds Amuzon.com
nc und eBuy nc. LIuL cIuImed
muny vIcLIms durIng LIe hrsL
doLcom boom.
or GoogIe, wIIcI domInuLes
LIe wIIdIy prohLubIe Web seurcI
udverLIsIng busIness, dIspuLcI-
Ing drIvers und deIIverIng puck-
uges seems IIke un expensIve
dIversIon wILI un uncerLuIn
puyo. One oI LIe bIggesL dIs-
asters of last decades dotcom
crusI, Webvun, bIed Iundreds
oI mIIIIons oI doIIurs on jusL
sucI u busIness unLII IL IuIIed.
OnIIne sIoppIng Is un ureu
LIuL GoogIe, wIIcI Ius umbI-
LIons Lo domInuLe every uspecL
oI LIe web, Ius LrudILIonuIIy Iud
u IImILed presence In. Trumc
IosL Lo Amuzon und eBuy, wIIcI
ure usIng sume-duy servIce Lo
Iock In consumers Ior LIe muIn
busIness, meuns cusLomers IosL
Ior GoogIe`s oLIer servIces.
Alexei Oreskovic As e-commerce grows, GoogIe
wunLs uL IeusL Lo geL ILs Iunds
on duLu ubouL onIIne sIoppers,
so it can expand and improve
ILs muIn busIness, seurcI ud-
verLIsIng. Ls successIuI Ioruy
InLo mobIIe pIone soILwure
wus drIven purLIy by u sImIIur
pIIIosopIy Lo guurd ILs seurcI
IruncIIse. Now ILs AndroId sys-
Lem ensures GoogIe seurcI Is on
mosL smurLpIones gIobuIIy.
AILer more LIun u yeur oI LesL-
Ing, und IIccups sucI us on
puckugIng, GoogIe Is prepurIng
Lo expund ILs deIIvery servIce.
UnIuzed by LIe gIosLs oI de-
IuncL Iome-deIIvery operuLIons
Webvun or Kozmo.com, GoogIe
Is rumpIng up ILs SIoppIng Ex-
press wILI rudIo uds LouLIng LIe
servIce In LIe Sun runcIsco Buy
Areu. L recenLIy Look ILs bIue-
und-wIILe PrIuses und vuns Lo
os AngeIes In u IImILed LrIuI
and is considering moving into
New York, uccordIng Lo u per-
son IumIIIur wILI LIe muLLer.
Sume-duy deIIvery doesn`L
Iuve Lo be u Iuxury. L`s u con-
venIence LIuL everyone sIouId
be ubIe Lo enjoy, und LIuL meuns
ucross IoLs oI sLores, ucross IoLs
of cities and across lots of prod-
ucLs, suId Tom uIIows, dIrec-
tor of product management for
GoogIe SIoppIng Express. uI-
Iows wouIdn`L suy wIen GoogIe
deIIvery curs mIgIL come Lo
New York, buL Ie conhrmed
LIuL LIe compuny pIuns Lo enLer
more cILIes.
We ure eugerIy sLurLIng Lo
move Iorwurd on some oI our
nexL sLeps Ior expunsIon, Ie
suId. He decIIned Lo dIscuss LIe
economIcs Ior GoogIe.
Google is also experimenting
wILI wuys Lo deIIver perIsIubIe
grocerIes sucI us mIIk und eggs
- ILems LIuL requIre specIuI
LemperuLure-conLroIIed sLoruge
und deIIvery geur, und wIIcI
ure uIreudy uvuIIubIe LIrougI
Amuzon`s rIvuI resI servIce
- LIougI uIIows suId IL`s Loo
eurIy Lo suy wIeLIer LIuL mIgIL
uILImuLeIy become purL oI LIe
servIce.
GoogIe Ius Lens oI LIou-
sunds oI users oI LIe servIce
In LIe Sun runcIsco Buy Areu
pIucIng LIousunds oI orders u
duy, uccordIng Lo LIe person
wILI knowIedge oI ILs deIIvery
busIness.
TIIs Is u pIuy LIuL wIII Luke
muny yeurs beIore IL Lurns In
uny wuy prohLubIe. BuL IL`s
someLIIng worLI doIng II LIey
cun esLubIIsI LIe murkeLpIuce
und LIe oLIer Iooks InLo LIe
busIness, LIe person suId.
Reuters
Daniel Lander stands next to his Google vehicle in Palo Alto, California. Google started testing a free same-day shopping de-
livery service with blue and white Priuses in San Francisco September 2013. As e-commerce grows, Google wants at least to
get its hands on data about online shoppers, so it can expand and improve its main business, search advertising. After more
than a year of testing, and hiccups such as on packaging, Google is preparing to expand its delivery service, Google Shopping
Express.
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.,.._..~ .. .,eq,
..~~ ~ee:.._ ~,.._.
.:.~:. ~.. . ..: ...._ ~, ..:
. .,. ~:. ~ ..._ ~.| . . , .. .
.q: ~~_e~..:.~ ~.~-
..: q ~ . .:.~ ~ ~:.. . _~._ .
.:.~~.... ..|~..~.
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~~~ ~.~q:.q:~ ...:...
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. :~ _.,, ._e. . _~._ . . ~~
.~~.,_e ~,..~._._. ...
~e . .:.~~ ~ ~.~: .. ...:
~,..:..:.~ ...q,~~~ ~_.
..: . , .. ._ .
March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
SOCIAL SCENES
30
Myanmar's First Hackathon by
Code for Change
Participants at the hackathon. Ooredoo Myanmar
Participants solve a problem. Ooredoo Myanmar
Participants at the hackathon. Ooredoo Myanmar
A participant at the hackathon. Ooredoo Myamar
Myanmar's frst-ever hackathon. Ooredoo Myanmar
AFreudite Flames Night Setup at
Belmond Governor's Residence
Ferrovit Walkathon
in Yangon
Te opening ceremony. Ferrovit
Te opening ceremony. Ferrovit Participants at the walkathon. Ferrovit
Participants make their mark. Ferrovit Winners of the walkathon. Ferrovit
March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
CLASSIFIEDS
31
March 27-April 2, 2014
Myanmar Business Today
mmbiztoday.com
32
ENTERTAINMENT
Governors Residence to Bring
AFreudite Flames Night in Yangon
Wai Linn Kyaw
B
eImond Governor`s ResIdence In Yungon Is goIng Lo oer u romunLIc geLuwuy
Ior coupIes wILI ILs upcomIng AreudILe Iumes NIgIL progrum.
SLurLIng Irom MurcI z8, LIe AreudILe Iumes NIgIL - un uLLempLed porL-
munLeuu oI ApIrodILe und reud, one beIng LIe goddess oI Iove und unoLIer Iounder
oI psycIounuIysIs - wIII Luke pIuce In Governor`s ResIdence beLween 6pm Lo 1opm
every rIduy.
We wIII serve un upIrodIsIuc LusLIng menu seIecLIon specIuIIy desIgned Lo enLIce uII
your senses, suId MIgueI TeIes De Menezes, Iood und beveruge munuger oI BeImond
Governor`s ResIdence.
TIe coupIes wIII uIso Iuve u cIunce Lo Luke LIeIr pIoLo Luken on u PoIuroId cumeru
wIIcI wIII be oered Lo LIem us u souvenIr. MIgueI suId rose Incense wIII be pIuced
neur LIe LubIe posLed Lo sLImuIuLe your uppeLILe und LIe guesLs wIII uIso geL Lo pIck
smuII curds conLuInIng reud`s quoLes.
n LIe end oI LIe dInner, guesLs wIII be presenLed wILI un upIrodIsIucuI BusII pIunL
sLruIgIL Irom LIe Governor`s ResIdence gurden Ior LIem Lo Luke IL Lo LIeIr Iome.
TIe dInner prIce Is uII IncIusIve $;o per person.
A LypIcuI AreudILe Iumes NIgIL menu mIgIL IncIude LIe IoIIowIng (uILIougI LIe menu wIII vury):
Ti ger pr awn & Eggplant Escabeche
GurIIc cIIps, Myunmur busII, LurmerIc uIoII, cruckers
Lobster -Ci nnamon Cappucci no
SpIcy curumeIIsed cusIew nuLs, mIcro greens
Passi on Fr ui t Sher bet
Sur f & Tur f Sea Scallops and Tender loi n
Seu ScuIIops-duLes und punceLLu, IenLIIs-gInger pure, IIme suuce
TenderIoIn-crIspy pennyworL, sprIng poLuLo-cIerry LomuLo, IorserudIsI
Chocolate Banana Cake
VunIIIu und MocIu Ice creum, mungo-mInL suIud
Girls Day, Dal Shabet, TINT to Perform
at Myanmars First K-Pop Concert
Pann Nu
M
yunmur`s K-Pop
cruzy Iuns wIII geL
Lo see some oI LIeIr
udored K-pop urLIsLs In LIe
upcomIng IrsL Koreu-My-
unmur rIendsIIp K-Pop
ConcerL.
TIe concerL, wIIcI wIII Ieu-
Lure K-Pop groups IIke GIrI`s
Duy, DuI SIubeL und TNT,
wIII Luke pIuce uL LIe TIu-
wunu NuLIonuI SLudIum on
AprII o.
TIe gIrI groups were In-
vILed by Myunmur`s MWD
TV sLuLIon, uIong wILI oLIer
popuIur Myunmur ceIebrILIes. Proceeds Irom LIe concerL wIII go Lowurds IeIpIng un-
derprIvIIeged cIIIdren. TIe concerL wIII be broudcusLed on MWD TV.
Myunmur IeId u 'K-pop Cover Dunce esLIvuI` IusL yeur In June, Iowever, no ucLuuI
K-Pop urLIsLs cume over Lo perIorm.
TIe IosL oI LIe con-
cerL suId, Myunmur und
Koreu Iuve Iud u IoL oI
sLorIes |LogeLIer| sInce
LIe pusL. K-Pop Ius jusL
begun Lo spreud In My-
unmur, buL IL`s spreudIng
IusL. WILI LIIs concerL,
we Iope LIuL more K-Pop
sIngers wIII come Lo My-
unmur Lo spreud 'HuIIyu.`
TIe word HuIIyu, or LIe
Koreun Wuve, reIers Lo
LIe pIenomenon oI rIs-
Ing popuIurILy oI SouLI
Koreun cuILure sInce LIe IuLe 1qqos. TIe Lerm wus orIgInuIIy coIned In mId-1qqq by
BeIjIng journuIIsLs wIo were surprIsed by CIInu`s growIng uppeLILe Ior SouLI Koreun
cuILuruI exporLs.
GIrI`s Duy Is u group consIsL-
Ing Iour members wIose numes
ure SojIn, MInuI, Yuru und
HyerI. TIeIr Iun-cIubs IncIude
DuIsy or, commonIy sLyIIsed
DuIy, wIIcI LIey endorse.
DuI SIubeL members IncIude
SerrI, AI Young, JIyuI, WooIee,
GuEun und SubIn und LIe group
won LIe BesL Newcomer ArLIsL
uwurd uL LIe z6LI GoIden DIsk
Awurds.
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